It is fallacious to suggest that the correlation between the decline in investments and Australian regulatory action is a mere coincidence.
The real issue here is cultural sovereignty and a state's ability to protect its local production, in the face of the ongoing erosion of audiovisual investments.
Inaction in the face of an 18% drop in spending would have constituted an abdication of the governmental responsibility.
For example, refusing to act on quotas for platforms like Netflix while local investments decline is to let the Australian film industry die due to lack of clear support.
Quotas are a direct and proportionate legislative response to a clear market failure, not an unfair transfer of burden.