Future Made in Australia Act 2024

The Minister may, by notifiable instrument, direct the Secretary to conduct a sector assessment.

A sector assessment is an assessment of a sector of the Australian economy that analyses:

the extent to which the sector aligns with the National Interest Framework under subsection 7(3) or (4); and

opportunities to address barriers to private investment, in the national interest, in relation to the sector.

Before giving a direction under subsection (1), the Minister must consult such Ministers as the Minister considers appropriate.

Without limiting subsection (1), a direction under that subsection may specify the period within which the sector assessment is to be conducted or a report on the assessment is to be given to the Minister (see section 9).

To avoid doubt, subsection (1) applies whether or not a sector assessment has previously been conducted for the sector.