Critical minerals production tax credits – do not proceed

Summary of proposal

The proposal would reverse the Critical Minerals Production Tax Credit program, a component of the 2024-25 Budget measure, Future made in Australia – Making Australia a Renewable Energy Superpower, which is expected to start on 1 July 2027.

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Critical minerals production tax credits – do not proceed

Summary of proposal

The proposal would reverse the Critical Minerals Production Tax Credit program, a component of the 2024-25 Budget measure, Future made in Australia – Making Australia a Renewable Energy Superpower, which is expected to start on 1 July 2027.

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Early‑stage venture capital cap and venture capital cap – increase and index

Summary of proposal

The proposal would double the asset cap for early stage venture capital limited partnerships from $50 million to $100 million, and lift the venture capital cap to $500 million. From July 2026, both caps would be indexed with the consumer price index (CPI).

The proposal would start on 1 July 2025.

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Early‑stage venture capital cap and venture capital cap – increase and index

Summary of proposal

The proposal would double the asset cap for early stage venture capital limited partnerships from $50 million to $100 million, and lift the venture capital cap to $500 million. From July 2026, both caps would be indexed with the consumer price index (CPI).

The proposal would start on 1 July 2025.

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Headstone Project - Deductible gift recipient status

Summary of proposal

The proposal would grant deductible gift recipient (DGR) status to the Headstone Project South Australia.

The proposal is ongoing and would start on 1 July 2025.

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Headstone Project - Deductible gift recipient status

Summary of proposal

The proposal would grant deductible gift recipient (DGR) status to the Headstone Project South Australia.

The proposal is ongoing and would start on 1 July 2025.

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Headstone Project - Deductible gift recipient status

Summary of proposal

The proposal would grant deductible gift recipient (DGR) status to the Headstone Project South Australia.

The proposal is ongoing and would start on 1 July 2025.

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Headstone Project - Deductible gift recipient status

Summary of proposal

The proposal would grant deductible gift recipient (DGR) status to the Headstone Project South Australia.

The proposal is ongoing and would start on 1 July 2025.

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Live performance tax offsets

Summary of proposal

The proposal would allow businesses to access:

  • live music venues offset – 10% tax offsets for the costs of hosting live music
  • touring artists offset – 50% offset for travel expenses
  • theatre production offset – 40% tax offset for the costs of live theatre production.

The proposal would be ongoing and start on 1 July 2025.

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Live performance tax offsets

Summary of proposal

The proposal would allow businesses to access:

  • live music venues offset – 10% tax offsets for the costs of hosting live music
  • touring artists offset – 50% offset for travel expenses
  • theatre production offset – 40% tax offset for the costs of live theatre production.

The proposal would be ongoing and start on 1 July 2025.

Read more