the-Ninth-Wave

The Ninth Wave by The Farm and Co3 Contemporary Dance. Photo by Jess Wyld.

Festival of Outback Opera

Festival of Outback Opera by Opera Queensland. Photo by Glenn Hunt.

Auto Cannibal

Auto Cannibal by Australasian Dance Collective and Beijing Dance LDTX,
Choreographed by Stephanie Lake. Photo by Jade Ellis.

Zoom

Zoom by Patch Theatre. Photo by Matt Byrne.

Trash Talk

Trash Talk by The Strangeways Ensemble. Courtesy of Merrigong Theatre Company.

So long suckers 2

So Long Suckers by Yirra Yaakin Theatre Company. Photo by Simon Pynt.

Curious Legends

Curious Legends

Black Cockatoo

Black Cockatoo by Ensemble Theatre. Photo by Prudence Upton.

Whoosh

Whoosh by Sensorium Theatre. Photo by Peter Foster.

River Linked Live Virtual Concert

River Linked Live Virtual Concert. Photo by Abram Rasmussen Photography.

HOTA Home of the Arts

HOTA Home of the Arts. Courtesy of venue.

The Butch is Back

The Butch is Back by Reuben Kaye. Photo by Rebekah Ryan.

07 October

2020-21 Federal Budget Announced

PAC Australia   |   News

Our thanks to LPA for the below information and concise summary.

 

The Federal Government handed down the 2020-21 Budget on 6 October 2020.

An underlying cash deficit of $213.7 billion is forecast in 2020-21 (11% of GDP) and will reduce to a forecast deficit of $66.9 billion in 2023-24, resulting in an accumulated deficit of $480.5 billion over the forward estimates.

There were no new initiatives announced for the live performance industry, but this Budget confirms previously announced arts and entertainment funding:

  • $250 million JobMaker plan to restart Australia’s creative economy
    –$75 million: Seed Investment to Reactivate Productions and Tours – competitive grant funding in 2020-21 to provide capital to help production and event businesses to put on new festivals, concerts, tours and events. Grants will range from $75,000 through to $2 million.
    – $35 million: Supporting Sustainability of Sector-Significant Organisations – direct support to Commonwealth-funded arts and culture organisations facing threats to financial viability.
    – $90 million: Show Starter Loans – concessional loans to assist businesses to fund new productions and events that stimulate job creation and economic activity. To be delivered through commercial banks, backed by a 100 per cent Commonwealth guarantee.
    – $50 million: Kick-starting Local Screen Production – a Temporary Interruption Fund to support local film and television producers secure finance and start production.
  • $27 million of funding for Indigenous Arts, Regional Arts and Support Act
    – $10 million to help regional artists and organisations develop new work and explore new delivery models. The funding will be delivered through Regional Arts Australia’s Regional Arts Fund.
    – $7 million to support Indigenous artists and arts centres. The funding will be delivered under the Indigenous Visual Arts Industry Support program.
    – $10 million to Support Act to provide mental health services.
  • Perth City Deal, where the Federal Government is contributing $327.5 million over 11 years from 2020-21 to support projects.

The Minister for Communications, Cyber Safety and the Arts, the Hon Paul Fletcher MP, has issued a joint media release in response to the 2020-21 Budget.

The 2020-21 Budget outlines a range of economy-wide measures, including:

  • Tax Relief
    – Personal income tax relief: Stage 2 personal tax cuts brought forward to 2020-21. A one-off additional low to middle income tax offset in 2020-21.
    – Temporary full-expensing (instant asset write off) – estimated at $200 billion worth of investment.
    – Temporary loss carry-back – allowing companies with a loss of up to $5 billion to offset losses against previous profits on which tax has been paid.
  • JobMaker Hire Credit – supporting 450,000 positions for young people at a cost of $4 billion.
  • JobTrainer Skills package to further support and encourage apprentices and trainees with $1.2 billion Apprenticeships Wage Subsidy.
  • Supporting Regional Australia – a $550 million package to support regional Australia recover from the impacts of COVID-19. This includes more than $250 million for a Regional Tourism Recovery Package and $100 million over two years will go towards Regional Recovery Partnerships.