The Australian Government has recently unveiled its ambitious 2024 National Hydrogen Strategy, which aims to steer the country towards becoming a significant player in the global hydrogen industry. With one of the largest pipelines of hydrogen projects worldwide, Australia is poised to leverage this strategy to enhance its position as a leader in hydrogen production, use, and export. The strategy, a comprehensive update from the 2019 version, takes into consideration technological advancements, evolving market landscapes, and international policy developments over the past five years. It lays a strong emphasis on fostering industry growth through supporting large-scale development. Central to this strategy are the newly introduced production incentives, including the Hydrogen Production Tax Incentive (HPTI) and an expanded Hydrogen Headstart Program. These incentives, part of the Australian Government's $22.7 billion Future Made in Australia plan, aim to drive economies of scale, attract investments, and bridge the cost gap for renewable hydrogen. The collaborative approach in developing this strategy, with extensive consultations involving state governments, industry stakeholders, and a diverse advisory group, underscores the commitment to creating a clean, innovative, and competitive hydrogen industry. The vision outlined in the strategy focuses on benefiting Australia's communities and economy, facilitating the transition to net zero emissions, and establishing Australia as a major global player in the hydrogen market.