The Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024 has made significant progress in the Australian legislative process. The bill, which focuses on promoting the production of hydrogen and critical minerals in the country, recently passed the Senate with amendments and is set to return to the House of Representatives for further consideration. One of the key components of the legislation is the establishment of the hydrogen production tax incentive (HPTI) and the critical minerals production tax incentive (CMPTI) in the form of refundable tax offsets. This move aims to incentivize investments in these sectors and drive growth and innovation in the Australian renewable energy industry. Additionally, the bill includes provisions that would allow Indigenous Business Australia to utilize their capital to invest in First Nations communities and businesses, promoting economic development and empowerment. However, amendments proposed by the Australian Greens have sought to exclude uranium from being categorized as a critical mineral under the regulations. Despite this revision, the Senate Economics Legislation Committee has recommended the passing of the bill, indicating widespread support for the measures outlined in the legislation.