Linking Green Energy Tax Incentives to ‘Community Benefits’ Will Increase Business Costs: ACCI

‘This will drive up costs, complexity and compliance and be a major retardant on investment,’ said ACCI director Peter Grist.

A worker is seen at a Nissan facility in Melbourne, Australia, on July 11, 2019. Michael Dodge/Getty Images

Australia’s largest business association is concerned that requiring companies to meet “community benefit” rules to qualify for tax breaks will increase production costs instead of helping businesses

Under the impending Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024, the Labor government has introduced a hydrogen production tax credit scheme and a critical minerals production tax incentive to support the growth of Australia’s renewable sector.