Document ID: chunk:federal_register_of_legislation:C2024A00119:section:7
Version: federal_register_of_legislation:C2024A00119
Segment Type: section
Provision Reference: s 7
Character Range: 11917–13007

7  The National Interest Framework
 (1) The National Interest Framework is established by this section.
 (2) The National Interest Framework has the following streams:
 (a) the net zero transformation stream;
 (b) the economic resilience and security stream.

The net zero transformation stream
 (3) A sector of the Australian economy aligns with the National Interest Framework in the net zero transformation stream if:
 (a) the sector could have a sustained comparative advantage in a net zero global economy; and
 (b) public investment is likely to be needed for the sector to make a significant contribution to emissions reduction at an efficient cost.

The economic resilience and security stream
 (4) A sector of the Australian economy aligns with the National Interest Framework in the economic resilience and security stream if:
 (a) some level of domestic capability in the sector is a necessary or efficient way to deliver economic resilience and security; and
 (b) the private sector will not deliver the necessary investment in the sector in the absence of government support.