Future Made in Australia (Production Tax Credits and Other Measures) Act 2025 (9 of 2025)

Schedule 2   Critical minerals production tax incentive

Part 2   Other amendments

Income Tax Assessment Act 1936

3   After paragraph 177C(1)(bd)

Insert:

or (be) a CMPTI tax offset being allowable to the taxpayer in relation to a year of income where the whole or a part of the offset would not have been allowable, or might reasonably be expected not to have been allowable, to the taxpayer in relation to that year of income if the scheme had not been entered into or carried out;