The Australian Government’s AUD $22.7bn ($15.2bn) legislative answer to the US’ Inflation Reduction Act (IRA), containing AUD $6.7bn ($4.5bn) of green hydrogen tax incentives, has been introduced to the nation’s Parliament.
The Future Made in Australia (FMIA) package was unveiled in the Federal budget in May, slated by Albanese’s Labour government to drive investments into the country’s manufacturing and clean energy industries.
Now introduced as a bill to Parliament, the package will be debated by MPs before receiving approval and Royal Assent to become law.
... to continue reading you must be subscribed
