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The streamers were required to spend locally and most of them did, but the definition of 'local' is doing more work than the regulators intended.

Two of the five major streamers have quietly reduced their Australian commissioning, and the local production sector has not yet said the word 'contraction' out loud.

The spend is real, the jobs are real, but the IP question remains unanswered.

The government wants streamers to spend locally, the streamers want flexibility, and the independent sector wants both to stop pretending this is about them.