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Multimillion Dollar Plan To Lure More Blockbusters To The Gold Coast

Canberra announces tax incentive

Multimillion Dollar Plan To Lure More Blockbusters To The Gold Coast

We could see more blockbusters shot on the Gold Coast, thanks to a funding boost from the Federal Government.

The Prime Minister is expected to announce the $140 million plan at the Village Roadshow Studios at Movie World today, ahead of next Tuesday's budget.

The incentive, to attract more big productions to Australia, includes a tax rebate of 30 percent, up from the current 16 percent.

It's the tax-break Premier Annastacia Palaszczuk was calling for back in March, in order to secure a live-action Dora The Explorer movie for the Gold Coast.

At the time, Canberra failed to deliver the incentive, leading the state to pitch in additional funding instead, to cover the shortfall.

Minister for Toursim Steven Ciobo said their focus is on films of a much larger scale like Aquaman, Pirates of the Caribbean and Thor Ragnarok, which were all shot here on the Glitter Strip. 

"I'm pleased that the Premier was able to find literally a couple of million dollars, which is peanuts frankly, for Dora The Explorer but let's not pretend for one moment that that is on any level the same size as what we've been attracting as a federal government, for quite some time now," he said.

"We want to make sure we get big production because they employ thousand and thousands of Gold Coasters".