Industry Research and Development (Capacity Investment Scheme Program) Instrument 2023
5Prescribed program
Start here
Get a plain-English read of 5
Turn the raw legal text into a practical explanation grounded in Industry Research and Development (Capacity Investment Scheme Program) Instrument 2023.
5 Prescribed program
(1) For the purposes of subsection 33(1) of the Act, the Capacity Investment Scheme Program (the program) is prescribed. (2) The program provides underwriting, either directly or indirectly, for either or both of the following projects: (a) clean dispatchable capacity projects; (b) renewable generation capacity projects. (3) The purpose of the program is to encourage new investment in clean renewable generation capacity and clean dispatchable capacity to support a reliable, affordable and low-emissions energy system. (4) Applicants for underwriting support may be required to provide a bond or other form of security as part of the application process.