We are deep in the last two sitting weeks of federal parliament, with the Treasury Laws Amendment (2021 Measures No. 5) Bill 2021 on the list to be put to the Senate. This has been years in the making, and contains the revamped Tax Rebate, which will raise the TV figure from 20% to 30%, while it cripples the low budget feature and feature documentary sector by raising the minimum spend threshold from $500,000 to $1 million.
The Bill has been through the House of Representatives, survived a Senate Review and now goes back to the Senate for ratification.
