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Brief
On February 24, 2025, the Australian Taxation Office (ATO) issued an update regarding Critical minerals and hydrogen production incentives now law. The Government's Future Made in Australia package included two temporary tax incentives: the Critical Minerals Production Tax Incentive (CMPTI) and the Hydrogen Production Tax Incentive (HPTI). These measures provide eligible companies with refundable tax offsets for processing critical minerals and producing hydrogen, respectively.
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