One Nation’s View of “The Future Made in Australia” Bill 2024

The Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024 is a perfect example of legislation that One Nation would abolish. For 30 years, Australia has been held hostage to the green climate scam. This Bill continues wasteful spending, now with a hint of desperation.

The Bill introduces a hydrogen production tax credit of $2 per kilogram, aiming to meet net zero targets. However, if hydrogen were commercially viable, companies and banks would be investing, but they aren't. One Nation believes in the profit motive, not subsidies.

Recent withdrawals from hydrogen projects by companies like ATCO and Shell highlight the unviability of green hydrogen. In contrast, One Nation supports practical projects like the Port of Gladstone's container-handling development, which will bring thousands of jobs and $8 billion in private investment.

The Bill also offers tax incentives for refining critical materials used in renewable energy, costing $7 billion over 11 years. This benefits processors, not taxpayers. One Nation proposes infrastructure projects to support critical minerals development instead.

Lastly, the Bill changes borrowing rules for Aboriginal communities without actually specifying the new rules, creating uncertainty and potential debt for unviable projects. One Nation cannot support this lack of transparency.

The net zero transition is destroying Australia with absolutely no benefit to the natural environment.

It's time we returned to reliable coal and gas fired power stations. This measure will put more money back in Australians pockets and end further suffering.

Transcript: https://www.malcolmrobertsqld.com.au/one-nations-view-of-the-future-made-in-australia-bill-2024/