Jake Kanter International TV EditorAustralia has announced a $400M AUD ($280M) extension to its Location Incentive scheme, as the country bids to take advantage of its relatively low exposure to the coronavirus pandemic.Prime Minister Scott Morrison announced the funding pledge on Friday and said the incentive will be made available over the next seven years.
He added that it could attract up to $3B AUD ($2.1B) of investment from Hollywood and international film and TV studios.The Location Incentive is designed to complement the existing Location Offset, which offers a 16.5% tax rebate to encourage big-budget film and television projects to shoot in Australia.
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