5Prescribed program

5 Prescribed program

For the purposes of subsection 33(1) of the Act, the program specified in item 1 of the following table is prescribed.

<table cellspacing="0" cellpadding="0" style="width:100%; border-collapse:collapse"><thead><tr><td colspan="3" style="border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Prescribed program</span></p></td></tr><tr><td style="width:9.6%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Item</span></p></td><td style="width:31.58%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Column 1</span></p><p class="TableHeading"><span>Program</span></p></td><td style="width:58.82%; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Column 2</span></p><p class="TableHeading"><span>Description and purpose of the program</span></p></td></tr></thead><tbody><tr><td style="width:9.6%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:31.58%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Industry 4.0 Testlabs for Australia</span></p></td><td style="width:58.82%; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>The program provides funding to establish Industry 4.0 Testlabs at each of the participating universities. The program will enable the participating universities to:</span></p><p class="Tablea"><span>(a) provide innovation support for small and medium business enterprises (</span><span style="font-weight:bold; font-style:italic">SMEs</span><span>) in priority industry growth sectors by providing access to Industry 4.0 Testlabs; and</span></p><p class="Tablea"><span>(b) assist SMEs with building the skills required to capitalise on the technological opportunities presented by the Industry 4.0 Testlabs.</span></p></td></tr></tbody></table>