The Economic Impact of Tax Offsets on Australia’s Live Music Industry
Prior to the COVID-19 pandemic, the venue-based live music industry was a significant part of the economy, and an important part of Australia’s social and cultural lives. Close to half of all Australians accessed live music in 2019. In 2018/19 around 5,000 venues hosted over 10,000 unique musicians and bands who performed over 400,000 ‘gigs’ to audiences around Australia.
BIS Oxford Economics has been engaged by APRA AMCOS to assess how tax offsets levied at venues staging live music might support an economic rebound from the pandemic and foster a healthy live performance ecosystem over the long run. This report explores how tax offsets, calculated as a share of live music expenses might incentivise venues capable of holding live music concerts.
About the team
Our Macro Consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Andrew Tessler
Head of Economic Impact Consulting, Australasia, OE Australia
