Federal Register of Legislation - Australian Government

Primary content

Other as made
This instrument prescribes the Australia-India Critical Minerals Investment Partnership Program.
Administered by: Industry, Science and Resources
Registered 09 Nov 2022
Tabling HistoryDate
Tabled HR10-Nov-2022
Tabled Senate21-Nov-2022
Table of contents.

 

Commonwealth Coat of Arms of Australia

 

Industry Research and Development

(Australia-India Critical Minerals Investment Partnership Program) Instrument 2022

 

 

I, Madeleine King, Minister for Resources make the following instrument.

 

 

 

 

 

Dated: 7 November 2022

Madeleine King

Minister for Resources

 


Contents

1  Name........................................................................................................................................ 1

2  Commencement........................................................................................................................ 1

3  Authority.................................................................................................................................. 1

4  Definitions................................................................................................................................ 1

5  Prescribed program.................................................................................................................. 1

6  Specified legislative power....................................................................................................... 2

 

 


1  Name

                   This instrument is the Industry Research and Development (Australia-India Critical Minerals Investment Partnership Program) Instrument 2022.

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.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

 

Note:          This table relates only to the provisions of this instrument as originally made.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.

program: see subsection 5(1).

5  Prescribed program

             (1)  For the purposes of subsection 33(1) of the Act, the Australia-India Critical Minerals Investment Partnership Program (the program) is prescribed.

             (2)  The program funds the following activities to support the purpose of the program:

                     (a) procuring and paying for the services of third-party advisers to perform project selection and due diligence assessments of critical minerals projects, and for associated services and activities;

                     (b)  otherwise supporting any investment arrangement that might be entered into relating to critical minerals projects by the Commonwealth.

             (3)  The purpose of the program is to promote and further the ongoing relationship between the Commonwealth and the Government of India through investment in critical minerals.

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.