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Economics
05 Jul 2024
Future Made in Australia
The Future Made in Australia Bill 2024 and Future Made in Australia (Omnibus Amendments No. 1) Bill 2024 was tabled in Parliament this week.
The government has included nearly $23 billion for the initiative over the next decade in its 2024-25 Federal Budget. The Bill outlines the National Interest Framework and the Community Benefit Principles for investment decisions.
The Bill also establishes the Future Made in Australia Innovation Fund to support emerging technologies in industries like green metals, clean energy manufacturing, and low-carbon liquid fuels. The National Interest Account will be expanded to facilitate investments in Australia’s national interest.
The media release is here.
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