Writer Roger Simpson had been researching the period since he helped adapt Power Without Glory (1976.) The filmmakers also used research done by Nigel Buesst for his film on Squizzy Taylor.
The film was shot on location in Melbourne. Its critical and commercial response was limited.
Squizzy Taylor was released on DVD with a new transfer by Umbrella Entertainment in July 2007. The DVD is compatible with all region codes and includes special features such as the theatrical trailer and a featurette titled The Rise and Fall of Squizzy Taylor.