Developments

Hi Everyone,

I hope that you are all well.

After discussions with Screen Australia, various producers and a couple of distributors it has become obvious that the 150% tax deduction for private investors is the cornerstone to a much needed package that can help overhaul of the industry.

The 150% tax deduction above, combined with distribution reform and an increase to the producer offset tax rebate will create an effective package to improve the industry.

Screen Australia and the Australian Communications and Media Authority have provided an Options Paper to the Government (attached) to which they have asked me to add my submission.

My submission will go in tomorrow and whilst its necessary to do the correct thing and add this submission to their Option Paper it is equally important to push extremely hard through other channels like this. 

I am convinced that this package would help remove red tape and barriers to entry, generate private sector investment and create thousands of jobs. So I will be sharing it with you tomorrow at the same time that it is sent to various media outlets, Screen Australia, the SPA and so on.

I look forward to hearing your responses and believe if we push this really hard we can expedite the process and save the industry.

Regards,

James