On November 25, 2024, the Australian Federal Government introduced the Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024 to the Parliament. This bill includes provisions for production tax incentives targeting renewable hydrogen and critical minerals industries. The Hydrogen Production Tax Incentive (HPTI) offers a $2 per kilogram refundable tax offset for renewable hydrogen produced between 2027-28 and 2039-40. Similarly, the Critical Minerals Production Tax Incentive (CMPTI) provides a 10% offset on relevant processing costs during the same period. These incentives are designed to attract private investments, fostering the growth of these industries crucial for Australia's net zero future and global decarbonisation efforts. Moreover, projects benefiting from these incentives must adhere to Community Benefit Principles to ensure local communities benefit from the economic opportunities created. The Hon Dr Jim Chalmers MP highlighted the importance of this legislation in providing clarity and confidence for industry investments in renewable energy projects. By doing so, Australia aims to play a significant role in the global transition towards net zero emissions. The Hamilton Locke New Energy Team will closely monitor these developments and provide insights into how these incentives will impact the renewable energy landscape in Australia.