Australia Opposition Criticizes Green Credits as Complex, Costly

Australia’s proposed clean hydrogen and critical mineral production tax credits are too complex and will cost taxpayers a lot just to claim them, a coalition of senators opposing the bill said.

The “Dissenting Report” published Friday said taxpayers looking to claim refundable tax credits offered in the “Future Made in Australia Act” would incur a compliance cost of up to A$100,000 ($62,360), with an additional cost of A$22,000 each year.

The bill was first introduced in June 2024 and would provide A$13.7 billion ($8.5 billion) worth of production tax credits for hydrogen and critical minerals beginning in 2027.