Let's assume that the government re-invests a portion or all of that $100 million into a new commercial television production fund
, this would be available for prime time scripted drama and comedy with only the independent producer being allowed to apply.
policy manager Melissa McEwen expressed disappointment that the budget failed to address several major longstanding issues, including the need for increased Oz development funding, proposed changes to the 10BA tax-based investment incentive scheme covering animation and new funding to make up for the loss of the axed Commercial Television Production Fund
The separate Commercial Television Production Fund
was axed in May, and the government's move to create film companies licensed to raise up to $26 million a year for production using tax incentives has stalled; skeptics say the proposed 100% writeoff is nowhere near generous enough to motivate investors to reach for their checkbooks.
Liberty is now shooting "Day of the Roses," a four-hour docudrama bankrolled by the Ten network, Beyond and the federal government's Commercial Television Production Fund