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Licence fee for commercial TV licensees reduced in Australia by 25%

MUMBAI: The Australian Parliament has passed a 25% reduction in licence fees for commercial television licensees.

Free TV CEO Brett Savill said, “The Federal Government’s decision to reduce television broadcasting licence fees from up to 4.5% of gross revenue to up to 3.375% is a welcome step towards improving our international competitiveness.

“The industry looks forward to continuing to work with the Communications Minister on further cuts in 2016 that were foreshadowed in his budget statement. The pace of change is unrelenting and licence fees must be reduced to international best practice levels. The commercial free to air television industry is thriving in markets such as the UK, where the Government has proactively reduced licence fees by 97% between 1995 and 2011.”