Australian children's content and the National Film and Sound Archive both received funding boosts in last night's Federal Budget, with the government also announcing the removal of the cap on 'above the line' costs for the Producer Offset from July 1.
The Federal Government will allocate nearly $75 million for the National Institute of Dramatic Australia (NIDA) and the Australian Film and Television Radio School (AFTRS) in tomorrow night's budget as part of a funding package for performing arts schools.
The Federal Government is looking for ways to maintain the independence of ABC and SBS while protecting them from future funding cuts, announcing a review into how the national broadcasters can be better supported.
ABC and SBS have welcomed the Federal Government's announcement of five-year funding terms as part of this year's budget, with the former also set to benefit from an additional $83.7 million across four years.