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Australia: Senate Committee report on hydrogen, critical minerals production tax incentives bill

The Committee recommends that bill be passed.

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February 3, 2025

The Senate Economics Legislation Committee released its report on the Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024, which would:

  • Establish the hydrogen production tax incentive (HPTI) in the form of a new tax offset
  • Establish the critical minerals production tax incentive (CMPTI) in the form of a new refundable tax offset
  • Partially implement other renewable energy and industry-specific measures in the 2024-2025 budget (read TaxNewsFlash)

The Committee recommends that the bill be passed.

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