The Business Council of Australia has expressed its support for the Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024 recently introduced in Parliament. BCA Chief Executive, Bran Black, highlighted the significance of the production tax credits as a means to bolster Australia's competitiveness in attracting investment in key industries focused on achieving net zero emissions, such as hydrogen and critical minerals. Black emphasized the need for the production tax credits to be designed and administered in a manner that supports success without unnecessary restrictions. He underlined that Australia's abundant resources of critical minerals and renewables position the country well to capitalize on the opportunities presented by the transition to net zero, emphasizing the importance of seizing every opportunity to secure jobs and economic benefits. Additionally, Black stressed that alongside targeted incentives like production tax credits, addressing broader investment fundamentals and approvals processes is essential for Australia to maintain competitiveness globally. He urged for a continuous effort to enhance Australia's investment, tax, and industrial relations frameworks to ensure the country remains competitive and can fully benefit from initiatives like production tax credits.