Simplified outline
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:
the project phase of a major project; and
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:
the supply of key goods or services for the project; and
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:
approving AIP plans; and
monitoring compliance; and
other functions relating to Australian industry participation matters.
• The Minister may establish the Australian Industry Participation Advisory Board.
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