The Future Made in Australia Act will mandate Treasury analysis of private investment barriers to promising sectors to ensure private capital is following taxpayers’ support for industries like green steel production or battery manufacturing.
The projects will also need to deliver clear community benefits outlined in the legislation to ensure the public investment delivers good jobs in the regions and more resilient supply chains.
The two new aspects of the yet to be circulated Future Made in Australia (FMiA) Act were announced on Wednesday by Treasurer Jim Chalmers, who has also launched a sustainable finance roadmap.
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