Hydrogen, critical minerals production tax incentives to commence 1 April

Under the Future Made in Australia policy, new legislation introduces a hydrogen production incentive and a critical minerals production tax incentive, as highlighted by Georgia King-Siem, Sophie Turski, Melissa Bader and Daniel McLindon.

As part of the Government's Future Made in Australia (FMiA) agenda, Parliament has passed the Future Made in Australia (Production Tax Credits and Other Measures) Act 2025 (the Act) which commences shortly on 1 April 2025. The Act introduces two new tax incentives: a hydrogen production tax incentive (HPTI) and a critical minerals production tax incentive (CMPTI). Both are governed by a dual regulator model akin to that of the R&D Tax Incentive (R&DTI). As with any new legislative s...

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Authors: Georgia King-Siem, Sophie Turski,

Published Date: 25 March 2025