I agree with David Young's earlier post.
I didn't know about the Taiwanese or Czech & Slovak festivals. (There doesn’t seem to be a web-link to the Sydney Czech and Slovak screenings, only to Melbourne, which have been and gone. I don’t know whether this represents some outbreak of ugly factionalism or not.)
There's a good case to be made for the word ‘festival’ changing its meaning or having meanings added. It now means, when preceded by any nationality and a common noun, a leap in admission or cost in general. My ‘free’ glass of champagne at The Young Girls of Rochefort at George Street cinemas cost $10.00. Using a Cinebuzz pass, it would have been a hefty $17.00.
At the same time, I wouldn't like Palace to close.
The point about overlapping movies on the one date is also good. I wonder could one art house multiplex profitably run festivals all year round, especially now that the national
festivals have expanded into retrospective and restored prints. Here's a link to demonstrate how big the net will become next year, Cremorne Orpheum Special Events. Scroll down to March, May, July 2016, and on the way see the new Quentin Tarantino in 70mm, along with the Orpheum's version of cult doubles of Alien+Blade Runner etc.