Document ID: chunk:federal_register_of_legislation:F2021N00111:reg:5
Version: federal_register_of_legislation:F2021N00111
Segment Type: reg
Provision Reference: reg 5
Character Range: 2184–3448

5  Advice about the award of grants
 (1) A function of IISA is to provide advice to the Minister or delegate on the award of grants under the Modern Manufacturing Initiative, including but not limited to:
(a)  whether or not the award of a grant supports the objectives of the Modern Manufacturing Initiative and Modern Manufacturing Strategy; and
(b)  the degree to which the grant will be transformative and provide long-term value to the scale and/or competitiveness of the Australian manufacturing sector, as opposed to business as usual activities.
       (2)  IISA's power to provide advice relating to specific grants under subsection (1) is limited to advice that relates to:
 (a)  the purposes of the Modern Manufacturing Initiative set out in subsection 5(3) of the Industry Research and Development (Modern Manufacturing Initiative Program) Instrument 2021; and
 (b)  the assessment criteria set out in the grant opportunity guidelines for each grant.
(3)  For the purpose of paragraph (1)(a), the objectives of the Modern Manufacturing Strategy are to:
 (a)  make Australia a globally recognised, high-quality and sustainable manufacturing nation;
 (b)  renew focus on competitiveness and growth; and
 (c)  support business to expand and create jobs.