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Industry Research and Development (Green Iron Investment Fund—National Development Stream Program) Instrument 2025
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Commonwealth Coat of Arms of Australia
Industry Research and Development (Green Iron Investment Fund—National Development Stream Program) Instrument 2025
I, Tim Ayres, Minister for Industry and Innovation, make the following instrument.
Dated 10 September 2025
Tim Ayres
Minister for Industry and Innovation
Contents
1 Name
2 Commencement
3 Authority
4 Definitions
5 Prescribed program
6 Specified legislative power
1 Name
This instrument is the Industry Research and Development (Green Iron Investment Fund—National Development Stream Program) Instrument 2025.
2 Commencement
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
3 Authority
This instrument is made under section 33 of the Industry Research and Development Act 1986.
4 Definitions
In this instrument:
Act means the Industry Research and Development Act 1986.
green iron means a concentrated iron metal made from the reduction of Australian iron ore by using a lower emissions reducing agent.
Kyoto Protocol means the Kyoto Protocol to the United Nations Framework Convention on Climate Change, done at Kyoto on 11 December 1997, as in force for Australia from time to time.
Note: The Protocol is in Australian Treaty Series 2008 No. 2 ([2008] ATS 2) and could in 2025 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).
Paris Agreement means the Paris Agreement, done at Paris on 12 December 2015, as in force for Australia from time to time.
Note: The Agreement is in Australian Treaty Series 2016 No. 24 ([2016] ATS 24) and could in 2025 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).
program: see subsection 5(1).
United Nations Framework Convention on Climate Change means the United Nations Framework Convention on Climate Change, done at New York on 9 May 1992, as in force for Australia from time to time.
Note: The Convention is in Australian Treaty Series 1994 No. 2 ([1994] ATS 2) and could in 2025 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).
5 Prescribed program
(1) For the purposes of subsection 33(1) of the Act, the Green Iron Investment Fund—National Development Stream Program (the program) is prescribed.
(2) The program provides funding that supports commercial scale green iron production capabilities in Australia, including funding capital works.
(3) The purpose of the program is to contribute to reductions of greenhouse gas emissions in the steel value chain.
6 Specified legislative power
For the purposes of subsection 33(3) of the Act, the power of the Parliament to make laws with respect to external affairs (within the meaning of paragraph 51(xxix) of the Constitution) is specified, as it relates to measures to give effect to Australia’s obligations under one or more of the following:
(a) the Kyoto Protocol, particularly Article 10;
(b) the Paris Agreement, particularly Article 4;
(c) the United Nations Framework Convention on Climate Change, particularly Article 4.