The Australian government is introducing the Future Made in Australia (Production Tax Credit and Other Measures) Bill 2024 to implement production tax incentives for renewable hydrogen and critical minerals, aiming to position Australia as a key player in the global net zero transformation. The bill includes a $2 per kilogram Hydrogen Production Tax Incentive and a ten per cent Critical Minerals Production Tax Incentive to support projects between 2027–2040. By unlocking private sector investment, the legislation seeks to build a more resilient economy powered by renewable energy, creating secure jobs nationwide and ensuring benefits reach local workers and communities. The focus is on industry clarity and certainty to boost confidence in investing in Australian renewable hydrogen and critical minerals projects, aligning with the country's net zero goals. Recipients of the incentives must adhere to Community Benefit Principles and deliver broader benefits to local communities, emphasizing the intersection of industry, energy, resources, and skills. Overall, the tax incentives aim to drive economic growth, job creation, and industry development while contributing to the decarbonization journey and strengthening Australia's economic resilience.