144Simplified outline

#### 144 Simplified outline The following is a simplified outline of this Part: • The regulations may formulate a program, to be known as the Jobs and Competitiveness Program, for the issue of free carbon units in respect of activities that: (a) under the program, are taken to be emissions‑intensive trade‑exposed activities; and (b) are, or are to be, carried on in Australia during a financial year specified in the program. • The Jobs and Competitiveness Program may: (a) require a recipient of free carbon units to relinquish units; and (b) impose reporting or record‑keeping requirements on a recipient of free carbon units. • The Productivity Commission will conduct periodic reviews of: (a) the operation of assistance arrangements under the Jobs and Competitiveness Program; and (b) the impact of this Act and the associated provisions on emissions‑intensive trade‑exposed industries; and (c) the economic and environmental efficiency of assistance arrangements under the Jobs and Competitiveness Program.