After months of negotiation, an agreement has been reached that relaxes the effect of Global Rule One on Australian productions, particularly where budgets are low, and where the cast on these productions are Australian, New Zealand or other non-US members of the Screen Actors Guild (SAG).

With the number of high-profile Australian actors now regularly employed on Hollywood films at an all-time high, the concern was that Global Rule One could have priced them out of their own local film industry.

Global Rule One came into force across the globe on May 1 and states that SAG members must work under a SAG basic minimum agreement wherever they work in the world.

The new agreement was jointly announced by SAG and its Australian equivalent, the Media Entertainment and Arts Alliance (MEAA). It is the first formal agreement to flow from the recent international conference on the global protection of actors held under the auspices of the International Federation of Actors (FIA) and held in Toronto.