Labour pledges bigger video game development rebate to boost studios

Labour says it would boost a rebate for the video game sector from 20% to 25% – meaning firms could claim back 25c of every dollar they spend creating a new game.

The party would also increase the maximum amount that could be paid to a single company under the rebate from $3 million to $4.5m to help the big gaming studios like Grinding Gear Games, PikPok and Rocketwerkz.

Labour would also reduce the minimum amount of annual revenue to qualify for the scheme from $250,000 to $200,000 to give more of a leg-up to the dozens of smaller video game makers.

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