TV networks bank their first $45m of the licence fee rebate
Australia’s TV networks were gifted $45.7m by the Government as a licence fee rebate in the last financial year, media watchdog ACMA has confirmed.
In the Australian Communications and Media Authority’ s annual report, published today, ACMA says:
On 15 June 2010, the Television Licence Fees Amendment Regulations 2010 (No. 1) were signed by the Governor-General. These regulations implement the broadcasting licence fee rebate. This rebate will apply the 2009–10, 2010–11 and 2011–12 broadcasting licence fee financial reporting periods at a rate of 16.5 per cent, 41.5 per cent and 25 per cent respectively of the amount of fees otherwise payable under the Television Licence Fees Act 1964. To be eligible for the rebate in 2010–11 and 2011–12, commercial television broadcasting licensees must have complied with the Australian Content Standard for the relevant period. Commercial television broadcasters claimed a total of $45.7 million in broadcasting licence fee rebate in 2010–11.
In total, the commercial TV networks are set to gain about $230m for the move over the three years it covers.
At last! Now we can all look forward to many hours of quality television viewing.
Excuse me – the phone’s ringing…
I’m glad the government didn’t waste this money on hospitals and schools.
let’s face it, they’re doing it tough since launching the digi’s – it’s great that the govt can jump in and help these guys out, they deserve it.
Trebles all round!
cant wait for the few dollars left for actual content creation to filter down from this ‘investment’
That’s our wonderful government: TV networks get the carrot, newspapers get the stick.