The AGSC has supported the latest APRA AMCOS submission to the government regarding the Income Tax Assessment (Digital Games Tax Offset) Bill 2021: Measure for Consultation.
- The growth of the digital games sector in Australia from the introduction of an offset will have a direct impact on the livelihoods of songwriters and composers
- The AGSC and APRA AMCOS welcomes the inclusion of “musicians (including composer) and sound designers” as qualifying Australian development expenditure but suggest the drafting of the legislation states qualifying expenditure is for “songwriters, composers, musicians, sound designers and performers” which would be clearer and more comprehensive of music and sound production.
- The AGSC and APRA AMCOS note that the use of copyright material is excluded in qualifying Australian development expenditure. We urge the Treasury to review the exclusion of copyright material as rebate-able expenditure and propose the inclusion of copyright material with a cap on the amount of expenditure. This ensures consistency with the Screen Producer offset arrangements and ensures that small to medium local studios benefit fully from the offset.
Read the full AGSC and APRA AMCOS joint submission here.