Global Trade Alert
Global Trade Alert

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).

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Number of interventions

5

5 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

25 Jun 2020

Revocation date:

No revocation date

Updated: 25 Jun 2020
Loan guarantee In force
<p>Included in the new stimulus plan for the arts industry announced by the Prime Minister of Australia on 25 June 2020 was the&nbsp;provision of loan guarantees to back the&nbsp;Show St...
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Updated: 25 Jun 2020
State loan In force
<p>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 program...
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Implementation date

25 Jun 2020

Revocation date:

10 Aug 2021

Updated: 25 Jun 2020
Financial grant
<p>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&nbsp;allocation of AUD 35 million (USD 24 millio...
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Implementation date

25 Jun 2020

Revocation date:

31 Dec 2021

Updated: 25 Jun 2020
State aid, unspecified
<p>The Prime Minister of Australia launched a new stimulus plan to help the arts industry on 25 June 2020.&nbsp;One&nbsp;key component announced was the Temporary Interruption Fund&n...
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Implementation date

25 Jun 2020

Revocation date:

25 Mar 2021

Updated: 25 Jun 2020
Financial grant
<p>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&nbsp;Restart Investmen...
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