The Australian Federal Government has initiated a $250 million package of funding to support cultural and creative projects and initiatives to support the industry through COVID-19.

The arts funding is aimed at kick-starting the sector with funding preferencing commercial initiatives that generate jobs and are expected to have a positive economic impact. That is, this is an economic package as opposed to creative or cultural funding.

Below is a table detailing the funding available:

Outside of the funding package, SupportAct received $10m in funding for COVID-19 crisis relief grants. Crisis funding is accessible to:

  • Musicians, crew and music workers who are unable to access Government benefits due to eligibility or other issues
  • Music workers who have been able to access Government benefits but are still facing financial hardship; and to
  • Those who are suffering financial hardship as a result of injury, ill-health or a mental health issue that is managed through a current Mental Health plan.

To be eligible, you will need to be a musician, crew or music worker, who:

  • Is an Australian citizen, permanent resident or have a valid working visa
  • Can prove they been working in the music industry for three years
  • Can provide names and details of two professional referees
  • Have household expenses greater than household income

Other financial support is available through JobKeeper (including the self-employed) or JobSeeker.

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Contact us today to discuss your business or personal accounting requirements.