5Making the Automotive Transformation Scheme

5 Making the Automotive Transformation Scheme

(1) To further the object of this Act, the regulations must prescribe a scheme (the Automotive Transformation Scheme) about the following matters: (a) the registration of participants (ATS participants) by the Secretary; (b) the payment of an amount to an ATS participant if certain conditions are satisfied; (c) the recovery by the Commonwealth of amounts from ATS participants in prescribed circumstances; (d) the payment of interest by an ATS participant on an overpaid amount; (e) the review of decisions, and, in respect of decisions of a prescribed kind, the limitations that apply to implementing the Administrative Appeals Tribunal’s decision or a court’s decision about those prescribed kind of decisions; (f) the appointment of authorised officers by the Secretary; (g) a matter required or permitted by this Act to be included in the Scheme; (h) ancillary or incidental matters. (2) The Automotive Transformation Scheme is to be a self‑assessment scheme.