It's now Disney Studios (https://disneystudiosaustralia.com/) after Disney's acquisition of Fox. There's 9 large sound stages. A large amount of movies are filmed there.
The lease of the land at the time was controversial.
> The rental was $2 million, payable over 40 years. However, the payment date was not specified, and the deal proceeded with an initial $1 per annum peppercorn rental, in return for which the government was obliged to spend $75-80 million on site works for the benefit of Fox