The proposal would strengthen Australian storytelling on screens by:

• component 1: legislating local content quotas that require streaming services to invest 20% of their Australian subscriber revenue into locally made and owned content, and ensure they are regulated like Australian broadcasters.
• component 2: providing $50 million annually to Screen Australia to establish an Australian Stories Fund to support the creation and distribution of local content.

The proposal would be ongoing, not be indexed, include departmental funding from within the capped amount for component 2, and start from 1 July 2025.