The Opposition will try and block an Albanese government plan to provide almost $14 billion in tax credits to Australia’s green hydrogen and critical minerals industries because taxpayers should not be “giving billionaires subsidies”.
The move means the Albanese government will need to work with the crossbench and the Greens to get its Future Made in Australia agenda off the ground and start handing out the credits from 2027.
Innovation experts are backing the plan, revealed in Tuesday’s Budget, as a way to turn around Australia’s ailing manufacturing sector and innovation system.
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