To subscribe, advertise or contribute articles to www.australianmanufacturingnews.com contact publisher@xtra.co.nz
  • Home
  • Latest News
    • Developments
    • Manufacturing Technology
    • Products
    • Future of Manufacturing
    • Trade Shows/Events
    • Energy
    • Business
    • Daily News
    • Company News
  • Smart Manufacturing
Australian Manufacturing News
The official site for the Australian Manufacturing News magazine
  • Home
  • AI
  • Architecture
  • Aviation
  • Big Data
  • Books
  • Business
  • Company News
  • Covid-19
  • Daily News
  • Developments
  • Energy
  • Environment
  • Future of Manufacturing
  • Smart Manufacturing
  • Manufacturing Technology
  • Mining
  • Products
  • Resources
  • Smart Manufacturing
  • Space
  • Sustainability
  • Trade Shows/Events
  • The Creative Class
  • Uncategorized
  • Webinars

News Ticker

Australian made concussion diagnosis device exported to US
Climate Impact Corporation announces 10GW renewable hydrogen projects in South Australia and Northern Territory
Over 30 trades represented at 47th WorldSkills International
Securing OT  key to unlocking Australia’s manufacturing vision in an ever-growing threat landscape
Australian astronaut Katherine Bennell-Pegg to headline international space symposium in Brisbane
The Budget 2024: Comment and Feedback on Energy Policies
Hunter class frigate program passes Preliminary Design Review milestone
Decarbonising our cities

The Budget: Skill funding welcomed

RSM Australia National Leader – Manufacturing Services, Jessica Olivier:

Rather than the manufacturing sector as a whole, the Budget focused on Critical Minerals, Clean Energy and Green Technologies, however it was pleasing to see the announcement of $500m for the tertiary sector to increase skills in manufacturing and clean energy, as well as the announcement of various initiatives to lift private investment and workforce skills, and boost local supply chains.

Beyond that announcement and as expected, we saw the Federal Government set out their agenda for the recently announced Future Made in Australia Act and highlight their priorities by focusing investment on transformational opportunities.

Last year’s $15b National Reconstruction Fund has been rolled into the Future Made in Australia policy, which on a positive note saw a 51% increase in the overall funding allocated to Future Made in Australia totalling $22.7b.

This also included “picking winners” such as the $1 billion for the Solar Sunshot production of solar panels in the Hunter Valley and $1 billion to build the world’s first fault-tolerant quantum computer in Brisbane, along with $840 million for Arafura’s rare earth metals production in the NT. WA will be the primary beneficiary of the $566m allocated to GeoScience Australia to map what is under Australia’s soil and seabed to uncover mineral deposits for critical mineral processing.

We also saw the Government demonstrate their commitment towards a cleaner, greener future in Australia with funding towards green energy, critical minerals and renewables in Australia – in particular $13.7 billion in production tax incentives for green hydrogen and processed critical minerals.

In terms of grants (both new and extended programs), it should have been a significant part of the new measures announced to bolster manufacturing, however there was little specifically targeted at this sector. In relation to other incentives and over 8 years since Finkel-Ferris-Fraser 2016 review of the R&D Tax Incentive program, the Budget announced it would undertake an independent and strategic examination of Australia’s Research and Development system to strengthen its alignment with Australia’s priorities and improve innovation and research and development outcomes.

Tax breaks were announced and highly anticipated per Budget night; this was ultimately an extension of the $20,000 instant asset write-off for small business extended by 12 months until 30 June 2025.

In general, I would agree with the Treasurer that Australia’s approach to renewables investment did need to change to prevent the economy from becoming more vulnerable.

It is welcome to see moves to both support and streamline regulatory approvals for the Future Made in Australia agenda, as well as allocating funding for international investment to encourage collaboration with industry, investors and major stakeholders .

This should attract and facilitate major investment – manufacturers will welcome that.

Share this:

Related Posts

Traversal Labs

Business /

While Tech Giants Build Humanoid Robots, This Australian Startup Solves the Harder Problem First

GEGHA project overview

Company News /

Fuel and fertiliser for the future: regional hydrogen and ammonia power Aussie farming

Allegro Energy_Dr Thomas Nann_1

Daily News /

Allegro Energy positions its proprietary LDES as a clean power backbone for data centres

‹ Xefco Q & A: Tom Hussey, CEO and Co-Founder › The Budget 2024: Comment and Feedback on Energy Policies

9th August 2025

Recent Posts

  • While Tech Giants Build Humanoid Robots, This Australian Startup Solves the Harder Problem First
  • Fuel and fertiliser for the future: regional hydrogen and ammonia power Aussie farming
  • Precision with Purpose: ANCA Unveils 2025–2030 Sustainability Strategy
  • China’s greening steel industry signals an economic reality check for Australia
  • Does AI actually boost productivity? The evidence is murky
  • DroneShield to invest as it expands manufacturing capacity
  • Robotics, automation and supply chain challenges to headline at Sydney-based industry conferences
  • Rockwell Automation’s ROKLive 2025 brings the connected enterprise to life on the Gold Coast

Categories

  • AI
  • Architecture
  • Aviation
  • Big Data
  • Books
  • Business
  • Company News
  • Covid-19
  • Daily News
  • Developments
  • Energy
  • Environment
  • Future of Manufacturing
  • Manufacturing Technology
  • Mining
  • Products
  • Resources
  • Smart Manufacturing
  • Smart Manufacturing
  • Space
  • Sustainability
  • The Creative Class
  • Trade Shows/Events
  • Uncategorized
  • Webinars

Back to Top

  • Home
  • AI
  • Architecture
  • Aviation
  • Big Data
  • Books
  • Business
  • Company News
  • Covid-19
  • Daily News
  • Developments
  • Energy
  • Environment
  • Future of Manufacturing
  • Smart Manufacturing
  • Manufacturing Technology
  • Mining
  • Products
  • Resources
  • Smart Manufacturing
  • Space
  • Sustainability
  • Trade Shows/Events
  • The Creative Class
  • Uncategorized
  • Webinars

To subscribe, advertise or contribute articles to australianmanufacturingnews.com contact publisher@xtra.co.nz

(c) Australian Manufacturing News, 2025