Document ID: chunk:federal_register_of_legislation:C2024C00577:section:4
Version: federal_register_of_legislation:C2024C00577
Segment Type: section
Provision Reference: s 4
Character Range: 11309–12505

4  Simplified outline
  The following is a simplified outline of this Act:

         • An Australian Industry Participation plan (AIP plan) is required for a major project to establish, expand, improve or upgrade a facility.
         • An AIP plan will deal with:
             (a) the project phase of a major project; and
             (b) if a major project involves establishing a new facility—the new facility's initial operational phase.
         • The key objective of an AIP plan is that Australian entities should have full, fair and reasonable opportunity to bid for:
             (a) the supply of key goods or services for the project; and
             (b) if the project involves establishing a new facility—the supply of key goods or services for the new facility's initial operational phase.
         • This Act sets up the Australian Industry Participation Authority.
         • The Authority's functions include:
             (a) approving AIP plans; and
             (b) monitoring compliance; and
             (c) other functions relating to Australian industry participation matters.
         • The Minister may establish the Australian Industry Participation Advisory Board.