Document ID: chunk:federal_register_of_legislation:F2021L00973:reg:5
Version: federal_register_of_legislation:F2021L00973
Segment Type: reg
Provision Reference: reg 5
Character Range: 1775–2940

5  Prescribed program
 (1) For the purposes of subsection 33(1) of the Act, the Regional Decentralisation Agenda—Securing Raw Materials Program (the program) is prescribed.
 (2) The program provides funding for businesses to do one or more of the following activities:
 (a) relocate to regional areas;
 (b) establish new operations, branches or outposts in regional areas;
 (c) partner with regional universities or research organisations to conduct research and development in relation to locally sourced raw materials;
 (d) commercialise the outcomes of that research and development;
 (e) establish new facilities in regional areas to extract, process, use or otherwise add value to locally sourced raw materials.
 (3) The purposes of the program are to:
 (a) expand industry in, and the economic resilience of, regional Australia; and
 (b) establish, secure and strengthen the supply of innovative or improved raw materials to Australian industry; and
 (c) increase the competitiveness and productivity of businesses through access to innovative or improved raw materials; and
 (d) improve the research, investment and economic capacity of regional Australia.