New analysis from the Bureau of Communications, Arts and Regional Research (BCARR) found the Location Incentive injected almost $1.6 billion into the economy between 2018–19 and 2020–21.
The Economic assessment of the Location Incentive on Australia's screen sector report found that since 2018 it has helped boost Australia's screen sector by creating over 39,000 jobs and supporting over 13,000 businesses.
The Australian Government has injected more than $256 million into Australia's screen sector to date, supporting over 27 titles to be produced locally, including Netflix Original 'Clickbait', Disney Plus Original 'Nautilus' and Marvel's 'Thor: Love and Thunder'.
The Incentive helps Australia remain competitive in attracting international film and television productions to film here.
BCARR estimates that by 2026–27 it could generate over $4.3 billion in expenditure in Australia by international film and television productions, create 108,800 jobs and support over 36,000 businesses.