The New South Wales government has announced that it is adding AU$175m (US$123m) to its existing Made in NSW fund, which supports high-end international film and TV productions that shoot in the state on the east coast of Australia.
This is an extra $35m per year over the next five years, on top of the $40m of the existing Made in NSW fund, and is available straight away.
One of the biggest new productions to benefit from the fund is Marvel’s Thor: Love And Thunder, directed by Taika Waititi, which is set to film at Fox Studios in Sydney.
"With generous screen production incentives, diverse locations, world-class studios, and a successful effort by Australia's state and federal governments to contain the Coronavirus, filming in Australia offers producers and storytellers so many practical and creative opportunities. The Made in NSW fund further highlights the exciting opportunities to film in Australia," says Kate Marks, Ausfilm CEO.
Other big projects to shoot in Australia include action movie, Blacklight, starring Liam Neeson, and Netflix/NBC Universal’s eight-part thriller Clickbait, both shooting in Melbourne, and Baz Luhrmann’s Elvis biopic, starring Tom Hanks, which has been filming in Queensland.
On top of the Made in NSW Fund, Australia also offers the federal government's $400m location incentive scheme, which tops up the 16.5% tax offset available to foreign productions to an effective 30% of local expenditure.