Investment tax break call falls on deaf ears

Original article by Brad Thompson
The Australian Financial Review – Page: 6 : 19-Jun-24

The federal government has declined to state its position on whether companies with links to China will be eligible to receive production tax credits. Resources Minister Madeleine King says the main purpose of this incentive is to encourage the downstream processing of critical minerals in Australia. She acknowledged that China-based Tianqi is doing this at its Kwinana lithium processing plant in Western Australia. Chinese Premier Li Qiang visited the plant on Tuesday, accompanied by Prime Minister Anthony Albanese. Li has told China’s state-run media that he hopes for a "fair and non-discriminatory" business environment for Chinese companies that have assets in Australia.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, SCIENCE AND RESOURCES, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, TIANQI LITHIUM CORPORATION

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