Australia: New scheme to support the creative economy

Announcement

25 Jun 2020

In June 2020, the Australian authorities launched a new economic support program to assist the creative industry which was heavily impacted by the COVID-19 outbreak. The total resources allocated to this programme were AUD 250 million (ca. USD 171.7 million).

Source

Number of interventions

5 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

25 Jun 2020

Revocation date:

No revocation date

Financial grant

On 25 June 2020, the Prime Minister of Australia announced a new stimulus plan to help the arts industry. One of the key schemes that composed the programme was the Restart Investment to Sustain and E...

State loan In force

On 25 June 2020, the Prime Minister of Australia announced a new stimulus plan to help the arts industry. One of the key schemes that composed the programme was the Show Starter Loans programme. The o...

State aid, unspecified

The Prime Minister of Australia launched a new stimulus plan to help the arts industry on 25 June 2020. One key component announced was the Temporary Interruption Fund to which the government allocate...

Financial grant

A key component composing the new stimulus plan for the arts industry announced by the Prime Minister of Australia on 25 June 2020 was the allocation of AUD 35 million (USD 24 million) to support sign...

Loan guarantee In force

Included in the new stimulus plan for the arts industry announced by the Prime Minister of Australia on 25 June 2020 was the provision of loan guarantees to back the Show Starter Loans programme. Acco...