Thank you.
As indicated by my colleague when he was speaking about this clause and the sections of the clauses that make up this part of the act, our concern is that we are seeing $30 million immediately being removed from the table from artists by not updating the copyright levy that has existed. Plus, as we shall see further on, we're going to lose another $21 million from the broadcast mechanical if the loophole is unclear. That's some $50 million. That's serious money to artists to generate new works to compensate them for the copies.
We find it unfortunate that the government has decided to treat the legitimate payment of artists, who are fuelling so much of our sector, as a tax, as an infringement, when we're seeing that everyone else seems to be making money from this act except the people who create it.
I concur with my honourable colleague. We know that bringing in amendments at this point on this issue would be ruled out of order, but we want it on the record that we are talking about the $30 million that will disappear with the levy not being updated, plus the other $20 million, which we will be speaking about soon enough, around the ephemeral mechanicals.