Mining Industry

organization

Last mentioned: Mar 10, 2026

Timeline

  1. First Phase-Out

    Initial 25% reduction in credit availability for companies with annual turnover exceeding $500M.

  2. Policy Demise

    Formal announcement of the phase-out schedule for diesel tax credits across heavy industry.

  3. Budget Proposal

    Initial framework for the reduction of Fuel Tax Credits for large-scale emitters is introduced.

  4. Treasury Review

    Australian Treasury begins formal review of fossil fuel subsidies and their impact on net-zero targets.

Stories mentioning Mining Industry 1

regulation Bullish

Australia's Diesel Tax Credit Phase-Out: A Catalyst for Industrial Green Shift

The Australian government is signaling the end of the long-standing Fuel Tax Credit scheme, a move hailed as a major victory for climate policy. By removing multi-billion dollar subsidies for diesel, the shift is expected to force a rapid transition toward electric and hydrogen-powered heavy machinery in the mining and agricultural sectors.

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