LPA summary of the Federal Budget 2015–16

LPA summary of the Federal Budget 2015–16

The Federal Government handed down its second Federal Budget tonight and LPA was disappointed to see no new funding for Australia’s arts and cultural sector.

ARTS FUNDING

The Australia Council will continue to be the principle arts funding body, providing funding to artists and arts organisations of approximately $185 million per annum.

National Programme for Excellence in the Arts

The Government announced an investment of $104.8 million over four years to establish a National Programme for Excellence in the Arts to support endowments, international touring and strategic projects, with an emphasis on attracting private sector support.

While this initiative is intended to make funding available to a wider range of arts companies and arts practitioners, LPA is disappointed that funding for the initiative is through a transfer of funds from the Australia Council to the Ministry for the Arts rather than additional funding.

Expense ($m)

 

2014‑15

2015‑16

2016‑17

2017‑18

2018‑19

Attorney‑General's Department

27.7

27.7

28.0

26.6

Australia Council

‑27.7

‑27.7

‑28.0

‑26.6

Total — Expense

Source: Australia Government, 2015–16 Budget Paper No. 2: Budget Measures

Visions of Australia and Festivals Australia programmes

The Visions of Australia and Festivals Australia programmes will return to the Ministry for the Arts after being transferred to the Australia Council by the previous Government. The Major Festivals Initiative will also be transferred with support for this programme to be doubled to $1.5 million using existing funds transferred from the Australia Council to Ministry for the Arts under the National Programme for Excellence in the Arts.

Creative Partnerships Australia

Creative Partnerships Australia will receive $5.2 million over three years starting in 2015–16 to foster private sector support for the arts. The funds for the Creative Partnerships Australia will also be transferred from the Australia Council to Ministry for the Arts.

No cuts to major performing arts companies funding

Positively, there will be no reduction in the Australia Council’s funding to the 28 major performing arts companies as a result of this initiative.

Government efficiencies

The Government has proposed a number of additional cuts that will directly impact the live performance industry, including:

  • Australia Council - Arts and Cultural Programmes efficiencies
    -$7.2 million over 4 years (1.8 million per annum)
  • Attorney General’s Department - Arts and Cultural Programs efficiencies
    -$2.2 million over 4 years

LPA is disappointed that the savings from these measures will be redirected by the Government to repair the Budget and fund policy priorities, rather than reinvested into our industry.

Expense ($m)

 

2014‑15

2015‑16

2016‑17

2017‑18

2018‑19

Attorney‑General's Department

..

‑0.7

‑0.5

‑0.5

‑0.5

Screen Australia

‑0.9

‑0.9

‑0.9

‑0.9

Australia Council

‑1.8

‑1.8

‑1.8

‑1.8

Total — Expense

..

‑3.4

‑3.3

‑3.3

‑3.3

Source: Australia Government, 2015–16 Budget Paper No. 2: Budget Measures

SMALL BUSINESS

The Federal Budget focused heavily on “empowering small business to invest, grow and create jobs”, including:

A commitment of $5.5 billion Jobs and Small Business Package, including $5 billion of tax relief:

  • 1.5 percentage point company tax cut for businesses under $2 million turnover
  • 5 per cent tax discount to small-unincorporated businesses up to $1,000
  • Increased instant asset write off of up to $20,000 for items purchased between Budget night and June 30, 2017.

ADDITIONAL INFORMATION

Further information on the 2015–16 Federal Budget can be found via:

LPA is committed to achieving a viable and sustainable live performance industry and will be seeking further detail on the proposed measures outlined within tonight’s Federal Budget. Any additional details will be communicated to Members.