Document ID: chunk:federal_register_of_legislation:F2022L01579:reg:5
Version: federal_register_of_legislation:F2022L01579
Segment Type: reg
Provision Reference: reg 5
Character Range: 3867–4688

5  Prescribed program
 (1) For the purposes of subsection 33(1) of the Act, the Accelerate Adoption of Wood Processing Innovation Program (the program) is prescribed.
 (2) The program provides funding to commercial wood processing facilities to enable innovation in wood processing, including developing new wood processing lines and improving wood processing capability and capacity.
 (3) The purpose of the program is to support commercial wood processing facilities to undertake one or more of the following in order to boost participation in the domestic and international timber market:
 (a) develop new wood products;
 (b) improve the capacity of the facility to make existing products;
 (c) increase the utilisation of wood supply;
 (d) improve the sustainability of wood processing by reducing carbon emissions.