Crocodile Dundee star Paul Hogan is suing the Australian government for damaging his reputation during a failed criminal investigation into his tax dealings.
Fairfax Media reported that Hogan's lawyer said the actor could seek up to £51 million for loss of earnings from the five-year probe.
Andrew Robinson was quoted as saying: "His earning potential and reputation has been decimated in the international community and it has had that level of effect on his position."
Investigators sought to prove suspicions that Hogan, 71, used offshore bank accounts to conceal earnings after his Crocodile Dundee trilogy became a hit in 1986.
The investigation was dropped in November.