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Small progress made for tax concessions for games industry

The Games Developers Association of Australia (GDAA) has responded favourably to the news on the proposed changes to the Federal Government's Research and Development Tax Concession Scheme, which has been criticised for "threatening innovation". While it may be but a small progress towards the ultimate goal of tax incentives for the local games industry, it's a step forward nonetheless.

The GDAA's new CEO, Tony Reed, has been quoted at Screenplay expressing his support for the changes...

"The new amendments will almost certainly assist local game developers to secure new projects from overseas and are a step toward having international publishers take a pecuniary interest in the Australian industry. It's a good first step forward and the GDAA supports the government's initiatives."

For the whole article, head on over to the Screenplay blog at the following link...