Victoria government sets music reboot program and insurance policy

As Melbourne and the state of Victoria emerge from the longest and arguably most brutal lockdown in the world, a new support mechanism is in place to kick off the concerts.

Daniel Andrews’ government is unveiling a $ 20 million live music reboot package and one-year interruptions insurance plan that should help support event businesses if lockdowns crush their plans.

Announced this weekend by Minister of State for Creative Industries Danny Pearson, the $ 20 million fund will be allocated in three ways.

From this pot, $ 8 million will be made available to concert halls to recruit and train new employees, invest in COVIDSafe infrastructure and bring more musicians and industry professionals back to the stage and into employment. .

In addition, festivals and events will have access to $ 8 million in aid to recover from “the uncertainty and impact of events rescheduled and canceled due to the pandemic,” a statement said.

In addition, new support of $ 4 million will “bring musical performance” to the CBD and downtown.

And in an Australian first, authorities announced a COVID-19 event insurance product, the type APRA AMCOS and Live Performance Australia have been advocating for since the start of the pandemic.

The policy will insure up to $ 230 million worth of events in the event of situations where doors are closed due to public health measures or, most importantly, when events are forced to operate at reduced capacity.

The insurance plan will give organizers of creative, sporting, business and community events the confidence to plan and host future events, a statement said, and is funded by the government and issued by the Victorian Managed Insurance Authority (VMIA) .

The Australian Festival Association welcomes the event insurance plan and the restart package.

“The inability to insure against COVID-related cancellations and restrictions has been a huge obstacle to the resumption of festival activities,” AFA Executive Director Julia Robinson said in a statement.

“Health measures such as restrictions on gatherings and closures, while necessary, often come with little to no notice, making it difficult when festivals have been brewing for months and years. Access to a product that gives organizers the confidence to balance risk and safety with business reality would remedy this market failure, and it is needed across the country.

The Andrews government insurance policy follows confirmation of similar systems in place in Europe, the UK and, more recently, New Zealand, all of which have been implemented nationally.

LPA also praised the development. And like Robinson, LPA CEO Evelyn Richardson has urged the federal and state governments of New South Wales to follow suit.

“The industry lost $ 1.4 billion in revenue in 2020 and losses in 2021 are significant given that our two main markets, NSW and Victoria, which account for 60% of national business activity, are only now exiting. long blockages, “comments Richardson.

“We call on the NSW government to step up and put in place a mirror system or similar before the end of the year to build investment confidence.”

LPA also urges the Commonwealth government to “step up and co-contribute to state insurance schemes to allow for expansion of the scheme.” As a nation-wide industry, we have always called for a national co-contribution program shared between the Commonwealth and State and Territory governments. “

Melbourne, which had the dubious title of the world’s most locked up city, reopened last month when the population’s full vaccination rate surpassed 80%.

The city had suffered 262 days of stay-at-home restrictions, which spanned six closures since March 2020.

For more information on COVID-19 event insurance or to register your interest, visit https://www.vmia.vic.gov.au/event.

Details of the application will be announced soon.



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