Tag: Jim Chalmers

Australia’s manufacturing sector is set to receive targeted support under the Federal Government’s $14.8 billion fuel resilience package, with Treasurer Jim Chalmers outlining measures aimed at strengthening supply chains, securing fuel supplies and supporting domestic production amid ongoing global oil disruptions.

Manufacturing supply chains are set to be a key focus of the Albanese Government’s newly detailed $1.2 billion Critical Minerals Strategic Reserve, which aims to secure minerals essential to Australia’s economy, national security and domestic manufacturing capability. 

The Australian Government has announced a $1.1 billion investment to accelerate local manufacturing of cleaner liquid fuels, aimed at strengthening supply chains and supporting the nation’s transition to net zero.

Addressing structural challenges appears a key focus of this year’s budget, with many initiatives tackling the likes of energy transition, housing affordability, skills shortages, childcare and paid parental leave. But what does the new budget mean for manufacturing?

The Australian government has released its 2022-23 Budget with plans to help priority sectors grow their industrial base and diversify the economy by supporting regional development. 

The Australian government issued draft legislation Monday to introduce two tax incentives that would allow small businesses to train and upskill employees and improve...