Document ID: chunk:federal_register_of_legislation:F2022L01414:reg:5
Version: federal_register_of_legislation:F2022L01414
Segment Type: reg
Provision Reference: reg 5
Character Range: 1725–2661

5  Prescribed program
 (1) For the purposes of subsection 33(1) of the Act, the Critical Minerals Development Program (the program) is prescribed.
 (2) The program provides funding, in the form of grants, to:
 (a) assist early to mid-stage critical minerals projects of strategic significance to overcome technical and market barriers; and
                       (b)  support those projects through various points in the development process until the projects are sufficiently advanced to seek financing; and
                       (c)  support project activities that may occur between completion of exploration and the final investment decision, including studies and design work, as well as contributions towards the capital costs of pilots and demonstration projects.
 (3) The purpose of the program is to build alternative, competitive and reliable end‑to‑end critical minerals supply chains with Australia's allies and partners.