The Creative Economy Support Bill, 2024

17 May 2024 domainSenate Senate Bills No. 30 Gazette: Supplement No. 107
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Status Timeline

Proposed

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Public Review

Pending

Debate

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Executive

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Final

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1

Establishment of the Creative Industry Guild

Establishes a voluntary membership-based Guild governed by an Advisory Board representing film, music, fashion, gaming, literary, visual arts, and dance sub-sectors. The Guild will prescribe standards, enforce a code of conduct, and maintain a registered "roll of creatives" (Clause 17) who alone are eligible for benefits and incentives under the Act.

2

Creation of the Creatives Fund for Young Artists

Establishes the Creatives Fund (Clause 20) funded by Parliament, donations, and grants. The Board will issue grants to registered creatives. Under Clause 21, eligible applicants must be 35 years old or younger and must not have benefited from any other national or county government financial support scheme.

3

Fiscal Incentives and Credit Guarantees

Directs the Cabinet Secretary for Trade, in consultation with the Cabinet Secretary for Finance, to put in place fiscal and tax incentives for registered creatives. It also allows the establishment of a credit guarantee scheme (Clause 22) to provide accessible financial support, credit guarantees for creatives, and guarantees for investors.

4

Intellectual Property and Legal Support

Mandates the Guild to facilitate creative artists with the application for registration, grant, revocation, and institution of legal actions for infringement of intellectual property rights, both domestically and internationally (Clause 24).

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