The Future Made in Australia Bill 2024, passed by the Albanese Labor Government, marks a significant step towards decarbonization and economic growth in Australia. The legislation includes key measures to support the production of renewable hydrogen and processing of critical minerals essential for the energy transition. The Hydrogen Production Tax Incentive, set at $2 per kilogram of renewable hydrogen produced between 2027-2028 and 2039-40, aims to boost local production and create well-paid jobs. Similarly, the Critical Minerals Production Tax Incentive offers a ten per cent rebate on processing and refining costs for Australia's 31 critical minerals, supporting projects between 2027-28 and 2039-40. These incentives will kick in once projects are operational, benefitting industries like wind turbines, solar panels, and electric vehicles. Moreover, critical minerals play a crucial role in national defense projects, such as submarine and aircraft construction. The government emphasizes the importance of aligning industry, energy, resources, skills, and investment to capitalize on opportunities presented by the global net zero transformation. By leveraging its strengths and fostering new industries, Australia aims to drive sustainable economic growth while transitioning towards a low-carbon future.