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Australia Is Introducing A Tax Rebate For Video Game Development

Full terms of the rebate will be announced on Tuesday 11 May, the night of the federal Budget. But the government is planning to introduce a 30% digital games tax offset as part of new investment incentives, which includes packages to help small businesses build on their digital capacity. Here's what our industry association had to say about it -

“The Government’s new investment commitment today will do many things. It will spur the creation of brand new Australian game development studios, give existing Australian studios the support they need to take on ambitious new projects and accelerate their growth, plus attract further blockbuster AAA studios to Australia, all of which will create game development jobs in every state,” Ron Curry, CEO of the Interactive Games and Entertainment Association (IGEA) said.

Source


I'm happy to see more being done to promote this industry locally. We've seen case by case grants and funding in recent years but this is wider reaching and deliberate effort to ease the cost of start up, relocation, local resource investment or risk taking. Overall a solid move with a pretty substantial ticker on it too.
 
Let´s see how the likes of Rockstar manage to exploit this.

I'd be super happy if we got some movement in AAA office branches heading down under. So far the rebate looks all set to help out start ups, Indies and existing studios alike. It seems really even and fair in the approach so far.
 
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