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Aus govt to give tax rebates of AUS$ 20 mn to Walt Disney

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MUMBAI: The Australian government has agreed to offer Disney a locations rebate worth about AUS$20 million ($19.2 million) to shoot its remake of 20,000 Leagues Under The Sea: Captain Nemo.

It is said that Disney executives will meet federal arts minister Simon Crean in Canberra on Thursday to finalise details of the incentive before the studio green lights the production. The minister has reportedly given government approval to the deal.

Disney location scouts are said to be considering the Village Roadshow Studios in Queensland, where Terra Nova was shot and Fox Studios in Sydney.

The remake of the 1954 Jules Verne classic which is being developed by David Fincher is expected to exceed the 2,000 local jobs created during the recent filming of The Wolverine that generated $80 million in local investment and contracted 850 local companies.

The Australian locations incentive currently gives a tax rebate of 16.5 per cent for foreign productions but the government provided The Wolverine with a 30 per cent incentive to shoot in the country last year in a one-off arrangement.

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