The Albanese government has stripped out some of the urgency in its critical minerals push, risking a slower start in the global green energy race to assuage mining and business concerns that new players and projects could miss out.
Treasury had initially proposed a requirement that eligibility for generous Future Made in Australia tax production credits would be tied to critical mineral processing projects reaching a final investment decision by 2030.
But it was removed from the final legislation, giving developers longer to obtain regulatory approval and complete infrastructure planning and detailed project designs.
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