The long-awaited Digital Games Tax Offset (DGTO), which will provide a 30% tax rebate for game development projects that reach an expenditure threshold of AUD $500,000, has finally been introduced into Parliament, and will be implemented imminently.
In November 2022, the Australian Government passed the Treasury Laws Amendment (2022 Measures No. 4) Bill 2022 in the House of Representatives, and with it, finally brought the DGTO into effect.
The DGTO was originally slated to come into effect on 1 July 2022, after being announced in mid-2021 under the then Liberal-National Coalition Government. With a federal election causing a change of government in May 2022, the status of the bill was unknown for a period of time, until the new Labor government finally confirmed its support for the Digital Games Tax Offset in October 2022.