By: Christie Eliezer
Aussie Live Sector Proposes Business Interruption Fund
Live Performance Australia called for the Australian government to set up a Business Interruption Fund to protect the industry against future COVID-related shutdowns. It estimated the sector’s financial toll in 2020 at A$24 billion ($18.07 billion) in lost economic output and almost $11 billion in lost industry value. It also saw 79,000 jobs cut – or around two thirds of the workforce.
LPA chief executive Evelyn Richardson said, “The live performance industry was the first to be completely shut down by public health restrictions, and remains
among the most vulnerable to future closure due to new outbreaks.