From www.pwc.com.au: On February 14, 2025, Australia’s Critical Minerals Production Tax Incentive (CMPTI) and Hydrogen Production Tax Incentive (HPTI) were legislated, providing significant tax offsets for eligible producers of critical minerals and renewable hydrogen.

The CMPTI offers a 10% refundable tax offset for the processing and refining of specific critical minerals, while the HPTI provides a refundable tax offset of AU$2 per kilogram for hydrogen produced under stringent emissions criteria.

Both incentives aim to bolster Australia’s energy and resource sectors, aligning with the government’s Future Made in Australia framework.