The Australian government is set to introduce the Future Made in Australia (Production Tax Credit and Other Measures) Bill 2024, aimed at incentivizing the production of renewable hydrogen and critical minerals to spur investment in these crucial sectors. The bill will establish two main tax incentives to support these industries. Firstly, it will implement a Hydrogen Production Tax Incentive offering $2 per kilogram of renewable hydrogen produced between 2027–2028 and 2039–40 for a maximum of 10 years per project. Secondly, a Critical Minerals Production Tax Incentive will provide support equivalent to 10% of relevant processing and refining costs for Australia's 31 critical minerals during the same period. Minister for Resources and Minister for Northern Australia, Madeleine King MP, emphasized the pivotal role of renewable hydrogen and critical minerals in Australia's journey towards a net zero future. The legislation aims to provide the necessary clarity and certainty for industry players to confidently invest in renewable hydrogen and critical mineral projects. These incentives will be granted once projects are operational and contributing to the production of hydrogen or processing of critical minerals used in various clean energy technologies like wind turbines, solar panels, and electric vehicles. Recipients of the tax incentives will also be required to adhere to the six Community Benefit Principles outlined in the overarching Future Made in Australia Bill, ensuring that positive impacts are delivered to communities. Specific requirements for the incentives will be further outlined by the Treasurer, with consultations to be conducted in this regard.