NSW incentives to attract Luhrmann's Gatsby to remain confidential

According to information released by NSW Premier Kristina Kenneally, Sydney production of Baz Luhrmann’s $120m remake of The Great Gatsby starring Leonardo DiCaprio was secured through the state’s enhanced film investment fund, but no further details will be provided.

“‘Projects supported by NSW Film & Television Industry Attraction Fund are negotiated individually. To protect future investment projects and retain the best negotiating position for the State, they remain commercial in confidence. Generally, support may include payroll tax and/or other cash rebates,”  a spokesperson for NSW Minister for the Arts Virginia Judge told Encore.

Industry insiders have estimated the rebates provided by NSW could be worth up to $10-12m.

The Great Gatsby is the first big budget international project announced for Australia in the 2010/11 financial year, when the industry has been hit by our dollar’s increasing value – reaching parity with its US counterpart in late 2010.