Australia has juiced its tax incentives for foreign, mostly Hollywood movies and TV series that shoot locally. The federal government has passed legislation to boost the 16.5 percent location to 30 percent. The near doubling of the location offset will apply to local Australian movies but with a catch. Producers must have budgets of at least AUS$20 million (US$13.3 million) for production, or AUS$1.5 million (US$1 million) per hour for a TV series. That means mostly foreign and especially Hollywood productions will benefit from the increased location offset for blockbuster projects as Australia looks to be more competitive with rival international jurisdictions and draw more projects
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