Good News & Bad News, page-42834

From the Budget:

Implementing a Critical Minerals Production Tax Incentive to provide a production incentive valued at ten per cent of relevant processing and refining costs for Australia’s 31 critical minerals, for critical minerals processed and refined between 2027-28 to 2039-40, for up to ten years per project, at an estimated cost to the Budget of $7 billion over the medium term;

$10.2 million to work with states and territories to develop pre-feasibility studies of common-use infrastructure, which promotes a competitive and productive critical minerals sector;

$165.7 million to support businesses to scale up and deliver the Sovereign Defence Industrial Priorities; and

$14.3 million to work with trade partners to strengthen our global competitiveness and support benchmarks for trade in high-quality critical minerals.