The Federal Government of Australia is set to introduce the Future Made in Australia (Production Tax Credit and Other Measures) Bill 2024, which includes tax incentives to position the country as a crucial player in the global net-zero transformation. The primary focus of the legislation is to enhance Australia's economic resilience by implementing two key tax incentives for renewable hydrogen and critical minerals. The Hydrogen Production Tax Incentive will offer $2 per kilogram of renewable hydrogen produced between 2027–2028 and 2039–40, while the Critical Minerals Production Tax Incentive will provide ten per cent of relevant processing and refining costs for Australia's 31 critical minerals processed and refined during the same period. These incentives aim to drive private sector investment towards building a stronger, diversified, and more resilient economy powered by renewable energy, creating secure, well-paid jobs across the nation. The government emphasizes the importance of ensuring that the benefits of these investments reach local workers, industries, and communities. By promoting renewable hydrogen and critical minerals, the government envisions a net-zero future for Australia. The tax incentives are structured to ensure that projects deliver broader benefits to local communities once they are operational and producing renewable hydrogen or processing critical minerals for sustainable products like wind turbines and electric vehicles. Recipients of the tax incentives will be required to comply with the six Community Benefit Principles outlined in the overarching Future Made in Australia Bill. The specific requirements will be established by the Treasurer through consultative processes. Overall, the tax incentives are designed to stimulate the growth of new industries that steer Australia towards a net-zero trajectory while bolstering the country's economic resilience.