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Australian government announces details of new $14.6 billion industrial-policy agenda

By Ryan Cropp ( May 15, 2024, 06:10 GMT | Insight) -- The Australian government will provide over A$22 billion ($14.6 billion) of targeted support over the next 10 years for companies operating in key strategic industries, as part of an ambitious new program of industrial subsidies. In budget documents published this week, the government said it would provide generous tax incentives and direct investments in industries that accelerate the country’s renewable energy transition and shore up its economic stability and security.The Australian government will provide over A$22 billion ($14.6 billion) of targeted support over the next 10 years for companies operating in key strategic industries, as part of an ambitious new program of industrial subsidies....

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