The Federal government has just taken ten percent off the budgets of every Australian feature film which relies on the tax offset, which is everything truly Australian which costs more than $500,000 to make.
At the same time, it has increased the offset for television by 10%, which is a gorgeous opportunity for broadcasters and streamers to drop the price they pay by said 10%. It will also make in-house production significantly more attractive. Minister Fletcher claims it will increase budgets and improve quality.