Bashed, bloodied and gutted, the final version of The Treasury Laws Amendment (2021 Measures No 5) Bill 2021 got through the House of Representatives at 4.30pm on Thursday December 1 2021.
The rebate for television production has risen from 20% to 30%. Almost everything else has been removed. The legislation is back-dated to June 2021, providing continuity to contracts and budgets. Producers and their bankers have every reason to break out the champagne.