On 11 February 2025, the Future Made in Australia (Production Tax Credit and Other Measures) Bill 2024 was successfully passed through the Australian Parliament. This bill introduces two significant tax incentives to drive innovation and investment in crucial sectors. The first incentive is the Hydrogen Production Tax Incentive, which offers $2 per kilogram of renewable hydrogen produced. This measure aims to stimulate the production of renewable hydrogen, contributing to Australia's transition towards cleaner energy sources. The second incentive, the Critical Minerals Production Tax Incentive, provides a 10% return on eligible processing and refining costs for Australia's 31 critical minerals. The introduction of this incentive is expected to encourage investments in the critical minerals processing sector, fostering the development of robust global supply chains and enabling Australia to extract more value from its resources. Eligible facilities can claim these incentives for up to 10 years, with the incentive period set between 1 July 2027 and 30 June 2040. Overall, these tax incentives are designed to bolster the Australian economy, promote sustainable practices in energy and mineral production, and position the country as a leader in the renewable energy and critical minerals sectors.