Richard Colbeck (Tasmania, Liberal Party, Parliamentary Secretary to the Minister for Finance and Administration) Share this | Hansard source

I table a supplementary explanatory memorandum relating to the government’s request for amendments and amendment to be moved to this bill. The memorandum was circulated in the chamber today. I move government amendment (1) on sheet QG450:

(1)    Schedule 10, item 1, page 161 (after line 16), at the end of Division 376, add:

376-275 Review in relation to certain production levels

                 The Minister must, before the end of 12 months after the commencement of this Division, initiate a review of the effect of this Division in relation to levels of production by the Australian independent production sector compared to levels of production by Australian television broadcasters.

This amendment addresses a recommendation of the Senate Standing Committee on Economics to establish a review of the effect of the film production offset to compare levels of production by the Australian independent production sector to production levels of Australian television broadcasters. The government accepts the evidence presented and will act on the committee’s recommendation to ensure legislatively that this offset is reviewed in 12 months time. Full details of the changes are contained and outlined in the supplementary explanatory memorandum that has been tabled.