Live Performance Federal Insurance Guarantee Fund 2021

# Live Performance Federal Insurance Guarantee Fund Bill 2021 ## What it does This bill creates a government-backed insurance fund specifically for the live performance industry (think concerts, theatre, comedy shows, festivals). It's designed to help performers and venues get insurance coverage that's become impossible or too expensive to find since COVID-19 hit and insurance companies pulled out of the sector. ## Why it matters Live performers and venues have been stuck in limbo—they can't get insurance for cancellations or disruptions, which makes it nearly impossible to book shows or plan tours with confidence. This fund is meant to fix that gap so the industry can actually operate again. ## Key details - **The Treasurer has 30 days** to write the detailed rules about how the fund actually works—what it covers, who can access it, how much it costs, etc. Those rules aren't in the bill itself yet. - **It only kicks in once funding is approved**—the fund doesn't officially start until both the bill passes and Parliament approves money to pay for it. - **It's specifically about COVID-19 fallout**—the bill explicitly names the pandemic as the reason insurance companies stopped offering cover to this sector, and that's what the fund is meant to address.