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LEGISLATION Austria

AFI to administrate new TV film production fund

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The Austrian Court of Auditors pronounced itself in favour of the Austrian Film Institute having sole responsibility for administrating a new TV production fund that is to be set up under the revised Communications Authority Act. According to the draft text of the Act, the fund and a new digitalisation fund, will be managed by the Austrian Telecommunications and Broadcasting Regulatory Authority. The Court of Auditors emphasised the fact that the Film Institute has been supporting film production, including its infrastructure, project development and legal aspects, for over twenty years. The Court did not evaluate the financial impact of the two planned funds, whose respective budgets are estimated at Euros7.5m, and the text of the Act failed to identify the future provenance of the Euros15m.

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