Future Made in Australia - Question to the Prime Minister - 16 May 2024

16/5/24

This is a question for the Prime Minister. The Government's Future Made in Australia future announcement sound consistent with our need to decarbonise for long-term prosperity but we need to invest in building new industries where we have a comparative advantage. Will the government commit to investment decisions under the Future Made in Australia being transparent and driven by independent expert economic analysis.

I give the call to the Prime Minister. Thanks very much Mr Speaker and indeed I thank the member for Curtin for her question and I've noted her public comments supporting Future Made in Australia making more things here and that will be driven by the framework that will come before this parliament in legislation at the member for Curtin will have the opportunity to contribute to. Those opposite have already said they will vote against it. Already said they will vote against it. So the WA Liberal Party leader, the leader of that massive group, I think there is two of them, but the leader of the Liberal Party in WA has said that she supports the Future Made in Australia agenda, as has the member for O'Connor, backed it in as well. So we look forward to the member for O'Connor crossing the floor on these issues. The Prime Minister will pause. I cannot hear what hear what he is saying because there is a live conversation happening between the Shadow Treasurer and the Treasurer. You both can have a composition outside, I can make that happen. I think you would like to stay. You will remain in silence for the remainder of this answer. You are both warned. This is a comprehensive plan through measures like production tax credits for hydrogen and critical minerals. We know that Australia does has a comparative advantage in Green hydrogen because we will be able to have the space Green hydrogen and produced by clean energy which then can be used to manufacture things like Green aluminium, Green steel, to give us a comparative advantage in the world. The way that will work as the critical minerals, it will be 10 per cent of eligible processing costs. For hydrogen, $2 per kilogram for Green hydrogen. Companies will not receive any credit until they are producing these resources. But as what it has been designed in this way. It pays on success, it pays on creating jobs it pays on creating not just domestic use for export potential as well. This incentive will make domestic production more cost competitive and will boost Australian industry for some it will commence in the 2027-28 financial year and support production until 2040. Some of the measures that we have. Here is the big tip, you cannot build a future out of just saying no. That is what those opposites are doing. The only thing the Leader of the Opposition has ever been interested in manufacturing is division. The only thing. They don't have an agenda. They don't have an agenda, Mr Speaker. Just a vendetta. A vendetta against workers, against manufacturing, against fair wages, against aspiration and against ambition. Order.

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