The federal government of Australia has announced plans to introduce a bill that will legislate $13.7 billion in tax credits for critical minerals and hydrogen projects. Treasurer Jim Chalmers will present the bill, which includes a 10% tax credit for critical minerals processing and a $2 per kilogram hydrogen production incentive for projects operating between 2027-28 and 2039-40. These measures are part of the Labor Party's Future Made in Australia policy, aimed at adding value to the country's natural resources and supporting clean energy initiatives. The legislation is designed to encourage more investment in Australia's resources sector, leading to job creation and the promotion of cheaper and cleaner energy production. Treasurer Chalmers highlighted that the bill provides clarity and certainty for investors looking to contribute to enhancing the value of Australia's natural resources. The Association of Mining and Exploration Companies praised the initiative, describing it as a "zero risk approach" that offers economic benefits to Australia without significant costs to taxpayers. However, the Coalition has expressed opposition to the policy, criticizing it as "billions for billionaires." Despite this opposition, the bill is expected to be tabled during the final parliamentary sitting week of the year. This sitting week is crucial as it will involve votes on various significant topics, such as aged care reforms, social media age limits, and political donation changes. While some bills are expected to pass, including the tax credit bill, others like the housing bills and caps on foreign student numbers may not succeed but will still be subject to discussion and voting, influencing the upcoming election race.