WHAT IS WASCIP
A 40% rebate designed to engage Private Capital in the Australian Screen Sector
WASCIP - the WA Screen Capital & Industrial Pilot - is a proposed three-year pilot designed to help bring meaningful private capital back into Australian screen production. The model proposes a 40% rebate on qualifying private capital invested into eligible Western Australian film and television projects.
Western Australia offers a practical proof point: new studio infrastructure, a growing production base, a strong creative community and a concentration of private capital with an appetite to engage. If proven in WA, the model could help inform a broader national approach to building a more ambitious, better-capitalised Australian screen industry.
SUPPORT
$6+ billion in Private Capital Support
WASCIP has formal written support from stakeholders representing more than $6 billion in private capital. That support gives the proposal a rare starting point: a clear signal from capital that there is appetite to invest in Australian screen if the right mechanism exists.
WASCIP is designed to provide that mechanism.
A disciplined, capital-facing rebate that gives investors confidence, rewards genuine private finance and helps Australia compete for larger-scale production and long-term IP value.
REBATE LOCATION
Why Western Australia?
Western Australia is well placed to test this model. The state has invested in screen infrastructure and is actively building production capacity. It also has a strong base of private wealth, a distinctive creative voice and a clear opportunity to connect capital, infrastructure and storytelling in a more deliberate way.
WA can operate as the proof point. If the pilot succeeds here, it can provide practical evidence for a national model - one that helps Australia treat screen as both cultural expression and a serious commercial industry.
COMPLEMENTARITY
A Dual-Track Ecosystem
Australian screen needs both cultural depth and commercial scale. WASCIP is designed to work alongside existing federal and state grants, rebates and offsets by adding a dedicated industrial track for private-capital-backed production.
The cultural track continues to support development, emerging voices, documentary, public value and the stories that define who we are. The industrial track gives commercially scalable Australian projects a clearer pathway to private finance, larger production budgets, infrastructure activation, IP retention and long-term revenue.
Together, the two tracks create a stronger screen ecosystem - one that can support Australian stories from first development through to global commercial ambition.
FINANCIALLY DISCIPLINED
Treasury Safeguards
WASCIP is proposed as a tightly capped, post-completion rebate pilot designed to mobilise private capital while protecting the public purse. The model does not deploy public funds upfront. Eligibility is triggered by verified private finance, with rebates paid only after completion, delivery and independent audit.
Private capital carries the front-end risk. Government support is back-ended, capped and tied to realised economic activity.
VALUE MULTIPLIER
Retaining IP.
Building Long-Tail Value.
The next stage of Australian screen growth cannot be measured by production spend alone. Spend matters. Jobs matter. Infrastructure activation matters. But the real long-term value of screen is ownership.
When Australian producers retain meaningful participation in their intellectual property, successful projects can continue generating value long after production wraps - through international sales, streaming licences, format rights, sequels, spin-offs, publishing, merchandise, tourism, games and franchise expansion.
WASCIP is designed to help more of that value stay here.
By improving the finance pathway for privately backed Australian projects, the pilot strengthens the ability of local production companies to retain equity, protect upside and build enduring content businesses rather than operating only project to project. This is how screen becomes more than a service industry. It becomes a compounding asset economy.
Let’s build the next chapter of Australian story telling.