Portman will play Tess, the protagonist in an adaptation of Italian author Elena Ferrante's popular novel Days of Abandonment.

The Black Swan star begins filming this week after arriving in Australia in September to film the Marvel blockbuster Thor: Love and Thunder.

Days of Abandonment executive producers Maggie Betts, Celine Rattray, Sophie Mas and Len Amato said everyone in Australia had been "so welcoming".

"We are very appreciative to have the opportunity to safely film in Australia alongside the talented people who live and work in the country," they said.

The film received $3.4 million of funding from the federal government's location incentive program.

Arts Minister Paul Fletcher said the production would generate more than $25 million of local economic activity.

"Days of Abandonment will directly create more than 200 jobs for cast and crew, 500 extras roles, and use the services of an estimated 400 businesses across NSW when they begin filming in July," Mr Fletcher said.

The film will employ female creatives and crew across all levels of the production and work with industry on events to promote women's leadership in the screen sector.

Other international productions taking advantage of the location incentive funding in the coming months include Joe Exotic, Ticket to Paradise and Irreverent.

Australian Associated Press