A recent federal parliamentary inquiry in Australia has put forward recommendations aimed at revitalizing the live music industry, including proposals for tax breaks and incentives to boost attendance, particularly among young fans. The inquiry, titled “Am I Ever Gonna See You Live Again?” after a popular 1976 song, presented a comprehensive report with 20 suggestions to address the challenges faced by the live music sector.
The inquiry, initiated in response to a series of setbacks within the music industry, highlighted various issues affecting the industry, such as restrictive venue licensing laws, changing consumer habits related to ticket purchases and alcohol consumption, high insurance costs, and the dominance of a few major promoters and ticketing agencies. Additionally, factors like unfavorable exchange rates for booking international acts, the impact of social media on music discovery, and the risks posed by extreme weather events were discussed during the inquiry.
Despite some recent signs of stabilization in the industry, exemplified by the cancellation of the Esoteric Festival due to safety concerns, the report emphasized the need for structural support to ensure the sustainability of live music. Committee chair Brian Mitchell acknowledged the evolving landscape of the music economy driven by technological advancements but highlighted the emergence of opportunities, particularly for young and innovative artists.
The recommendations put forth by the inquiry target various aspects of the live music ecosystem, proposing measures to enhance both the supply and demand sides of the industry. Key suggestions include the introduction of a tax offset tailored for the live music sector, with potential benefits outlined in submissions from industry bodies. The report also explores the feasibility of extending such tax benefits to other art forms like theater.
Moreover, the inquiry recommended exploring options such as rebate schemes to incentivize younger audiences to attend live music events, research into self-insurance models for the industry, and the imposition of levies on large event tickets to support grassroots music. It also proposed the creation of designated entertainment precincts with exemptions to trading hour restrictions and other concessions to support venues.
Industry stakeholders, including the Australian Festival Association, have welcomed the recommendations, highlighting the potential for government support to address critical issues within the live music sector. The call for a more consistent regulatory framework and reduction of operational costs, particularly in states like Victoria, has been well-received by industry representatives.
Overall, the parliamentary inquiry’s recommendations aim to foster a more sustainable and vibrant live music industry in Australia by addressing regulatory hurdles, financial challenges, and audience engagement issues. The proposed tax breaks and incentives could potentially provide a much-needed boost to the sector, supporting artists, venues, and music enthusiasts alike.