The live entertainment industry wants tax breaks to prevent Australian shows being lured overseas.
Australian stage shows are being made overseas because of tax breaks, prompting producers to lobby federal and state governments to provide financial relief to save the live entertainment industry.
“We are giving it priority focus now given the Albanese government’s commitment to its national cultural policy, which will need more investment sources to deliver on its ambition,” she said. Sydney Theatre Company executive director Anne Dunn said tax incentives would help transform the Sydney and Melbourne theatre industry into “the West End of the Asia Pacific”.The STC generates about 60 per cent of its revenue from box office sales, compared to just 7 per cent from government funding.have toured overseas to critical acclaim, but Dunn said the company’s capacity to invest in Australian artists and stories is decreasing as costs escalate and government funding shrinks.
“It will create certainty in terms of knowing that a proportion of the pre-production costs of a show are covered, and will incentivise us to develop new works,” he said.
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