4Simplified 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:

(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.