The objects of the scheme are as follows:

(a) to encourage the production of qualifying Australian films which portray Australian perspectives and Australia's cultural diversity;
(b) to encourage the production of qualifying Australian films which are of a high standard and are likely to be commercially successful;
(c) to support and promote the ongoing development of the Australian film industry through encouraging the use of Australia's creative resources and industry expertise;
(d) to encourage private sector investment in the Australian film industry;
(e) to ensure that the level of the Commonwealth's assistance to the Australian film industry is quantifiable, accountable and transparent.