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15 May

Australia announces $4.7 billion tax incentive for critical minerals

The Australian government has announced a production tax credit for critical minerals, committing AUD 7 billion ($4.7 billion) over 10 years to advance the processing of critical minerals in the country. The incentive offers a 10% tax offset on the cost of processing and refining critical minerals between 2027–28 and 2040–41. It is part of the AUD 22.7 billion Future Made in Australia package announced in the government’s annual budget on Tuesday…
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