Document ID: chunk:federal_register_of_legislation:C2024A00119:section:5
Version: federal_register_of_legislation:C2024A00119
Segment Type: section
Provision Reference: s 5
Character Range: 8609–10983

5  Definitions
  In this Act:
Australia's greenhouse gas emissions reduction targets means:
 (a) if:
 (i) Australia's current nationally determined contribution was communicated in accordance with Article 4 of the Paris Agreement in June 2022; and
 (ii) that nationally determined contribution has not been adjusted in accordance with paragraph 11 of Article 4 of the Paris Agreement;
  the greenhouse gas emissions reduction targets set out in paragraphs 10(1)(a) and (b) of the Climate Change Act 2022; or
 (b) in any other case—the greenhouse gas emissions reduction targets included in:
 (i) Australia's current nationally determined contribution communicated in accordance with Article 4 of the Paris Agreement; or
 (ii) if that nationally determined contribution has been adjusted in accordance with paragraph 11 of Article 4 of the Paris Agreement—that nationally determined contribution, as adjusted and in force from time to time.
Commonwealth company has the same meaning as in the Public Governance, Performance and Accountability Act 2013.
Commonwealth entity has the same meaning as in the Public Governance, Performance and Accountability Act 2013.
community benefit principles: see subsection 10(3).
Future Made in Australia Innovation Fund means the program of financial assistance known by that name that is administered by the Australian Renewable Energy Agency under the Australian Renewable Energy Agency Act 2011.
Future Made in Australia plan: see section 11.
Future Made in Australia support: see subsection 10(2).
National Interest Framework means the National Interest Framework established by section 7.
net zero transformation means achieving Australia's greenhouse gas emissions reduction targets and contributing to the reduction of global greenhouse gas emissions.
Paris Agreement means the Paris Agreement done at Paris on 12 December 2015, as amended and in force for Australia from time to time.
Note: The Paris Agreement is in Australian Treaty Series 2016 No. 24 ([2016] ATS 24) and could in 2024 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).
personal information has the same meaning as in the Privacy Act 1988.
rules means rules made under subsection 15(1).
Secretary means the Secretary of the Department.
sector assessment: see subsection 6(2).

Part 2—National Interest Framework