APRA AMCOS has given a comprehensive tax reform package submission to the NSW Government’s Tax Reform Summit for Creative Industries, outlining how smart tax policy could unlock massive economic potential while strengthening cultural sovereignty and boosting social connection through music.
The submission, given ahead of the Art of Tax Reform Summit in Sydney next month, presents evidence-based recommendations that would revitalise cultural life from regional towns to our largest cities while building Australia’s global cultural influence. APRA AMCOS CEO, Dean Ormston, said the submission shows how targeted tax reform could transform Australia’s $8.78 billion music industry and get us closer to achieving the goal of becoming a net exporter of music.
“Our submission to the NSW Government presents a clear framework that recognises music and the broader creative industries as a vital economic sector that drives exports and educational outcomes across the country,” says Ormston.
“With Australian music exports already contributing $975 million to our economy, this represents a moon-shot opportunity for Australia to lean in and become a net exporter of music while strengthening the cultural connections that bind communities together from regional centres to global stages.”
