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Reuters

Reuters

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World

Australia passes tax incentives law for critical minerals

Reuters
Summary
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78% Informative

Australia 's parliament has passed laws that would give production tax breaks for critical minerals and renewable hydrogen.

The law, passed on Tuesday , will create tax incentives worth 10% of processing and refining costs for 31 critical minerals from the fiscal year ending June 2028 to 2040 .

Critical minerals and rare earths are used in solar panels and batteries needed to lower carbon emissions.

VR Score

89

Informative language

97

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36

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formal

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English

Language complexity

63

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not offensive

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not hateful

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not detected

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short-lived

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