The Australian Greens have announced the commitment of $100 million to a new fund aimed at stimulating and growing the video game development sector in Australia. The purpose of the Games Investment & Enterprise Fund would be to invest in game projects and help create more jobs by assisting successful studios to grow their businesses.
The Greens would also extend the Producer Tax Offset and the Post, Digital and Visual Effects Offset to video game developers. The Producer Offset is a rebate for producers of Australian feature films and TV shows and the Post, Digital and Visual Effects Offset is a 30 per cent tax offset which encourages film producers to carry out post-production and visual effects work in Australia, no matter where the film is actually shot.
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