Australia Seeks Input on Critical Minerals Tax Incentive Rules

Australia is seeking to make certain additional mining activities eligible for its critical minerals tax incentive.

The Australian Tax Office opened a consultation Monday on draft regulations specifying commercial processes for graphite, high-purity alumina, and precursor cathode-active material that would be eligible for the credit.

The incentive offers a refundable tax offset of 10% of eligible costs of processing critical minerals in Australia and will be available between July 1, 2027, and June 30, 2040. There is a 10-year maximum for each project.

The consultation runs through Oct. 10. The regulations would take effect after publication ...