In a bid to propel Australia into a significant role in the global economy amid the net-zero emissions push, the Federal Government unveiled the Future Made in Australia plan. Backed by a $22.7 billion investment over ten years, this initiative focuses on transitioning the country to a net zero emissions economy while enhancing economic resilience and security. The plan, introduced through the Future Made in Australia Bill 2024, emphasizes sectors like renewable hydrogen, green metals, low carbon liquid fuels, critical minerals processing, and clean energy manufacturing. The government's strategy includes attracting private capital by establishing a National Interest Framework and assessment processes to guide decision-making and foster private sector investments. Moreover, community benefit principles are integrated to ensure that investments benefit local communities, industries, supply chains, and workers. Despite the positive outlook, there are lingering uncertainties surrounding the eligibility criteria for tax incentives, particularly the Critical Minerals Production Tax Incentive and the Hydrogen Production Tax Incentive. The Productivity Commission has raised concerns about the policy implementation of the plan, advocating for holistic tax reform for optimal outcomes. Furthermore, additional tax-related supports such as designated infrastructure project provisions and tax-exempt infrastructure borrowing concessions are deemed essential to achieve the plan's objectives. Recent changes in capital gains tax rules for foreign residents could also impact decarbonization projects and renewable energy investments in the country. The Future Made in Australia plan is not just a financial investment but a blueprint for economic transformation aimed at making Australia a renewable energy powerhouse. By focusing on job creation, resource management, and clean energy initiatives, the plan sets a path for a sustainable and prosperous future for the nation.