Peter McGauran (Gippsland, National Party, Deputy Leader of the House) Share this | Hansard source

The honourable member will be glad to know that funding for the individual agencies will be maintained in 2007-08. Funding for the ASA for 2008-09 and beyond will reflect the progressive uptake of the new producer rebate, which will become the primary source of funding for projects with commercial potential. That is how it should be, given that this is a package of $283 million. It is a complete overhaul of film funding. It introduces a genuine incentive for producers to attract strong investor interest and puts the industry on a more sustainable footing. I believe the government is entirely right—given the injection of $283 million to maintain funding for the next financial year and consider issues from then.

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