Opened the debate
Watt argued that the Future Made in Australia legislation would unlock private investment by providing tax incentives for renewable hydrogen production and critical mineral processing. Watt stated that these measures would help Australia capitalise on its geological advantages to become indispensable in the global net zero transition. Watt explained that the incentives would only apply once projects were operational, ensuring they supported actual production rather than just development. Watt also highlighted the expansion of Indigenous Business Australia to support First Nations economic empowerment through increased lending and investment capabilities.