Warner Bros. is heading Down Under for some of the vfx on the upcoming feature “Green Lantern.”

The work will be done by Aussie shingle Rising Sun Pictures, which will collaborate alongside major vendor Sony Pictures Imageworks to provide CG sequences.

“Green Lantern,” is helmed by Martin Campbell (“Casino Royale”) and stars Ryan Reynolds, Blake Lively and Peter Sarsgaard. It’s skedded for a summer, 2011 release.

The production will benefit from a reduction in Australia’s 15% post, digital and vfx rebate threshold. However, “the government needs to do more to ensure the local industry can remain competitive on a larger scale,” said RSP director Tony Clark. “The sustained strength of the Australian dollar is not helping attract lucrative, longer-term contracts to our shores.”

Clark added that although “Rising Sun is pleased to have brought a fraction of the ‘Green Lantern’ spend back to Australia, a sliding rebate scale locked in step with the dollar up to a maximum of 30% would once again position Australia as a true competitor on the international stage.”

A recent expansion at RSP enhanced its ability to serve major productions and deliver a large volume of complex effects work and character shots. The company is also working on “Harry Potter and the Deathly Hallows – Part II” and the local film “Red Dog”.