Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) For the purposes of paragraph 8(f) of the Act, ARENA has the following functions:
(a) to provide priority low emissions technologies financial assistance in accordance with subsection (2) of this section;
(b) to enter into agreements for the purpose of providing financial assistance as mentioned in paragraph (a) of this subsection and to administer such agreements;
(c) to collect, analyse, interpret and disseminate information and knowledge relating to the outcomes of the research and development projects for which financial assistance was provided as mentioned in paragraph (a);
(d) to liaise with State and Territory governments and other authorities for the purpose of facilitating research and development projects for which financial assistance is, or is proposed to be, provided as mentioned in paragraph (a);
(e) to provide advice to the Minister relating to priority low emissions technologies, including advice about the following:
(i) improving the competitiveness of priority low emissions technologies;
(ii) increasing the supply of priority low emissions technologies in Australia;
(iii) improving the development of skills in the priority low emissions technologies sectors;
(iv) increasing the use of priority low emissions technologies;
(v) Commonwealth programs relating to priority low emissions technologies;
(f) to provide the following information to the Minister in relation to priority low emissions technologies financial assistance provided by ARENA during a 12-month period:
(i) the total amount of priority low emissions technologies financial assistance provided by ARENA under paragraph (a) during the period;
(ii) the total amount of each type of priority low emissions technologies financial assistance provided by ARENA under paragraph (a) during the period;
(iii) the total amount of priority low emissions technologies financial assistance provided by ARENA (whether under paragraph (a) or another Commonwealth law) during the period;
(iv) the total amount of each type of priority low emissions technologies financial assistance provided by ARENA (whether under paragraph (a) or another Commonwealth law) during the period.
Annual funding average
(2) For the purposes of paragraph (1)(a), ARENA must make reasonable efforts to ensure that the mean of the annual total amounts of priority low emissions technologies financial assistance provided by ARENA (whether under paragraph (1)(a) or another Commonwealth law) during the 2022-23 to 2029-30 financial years will be $60 million or more.
Information about annual total amounts of priority low emissions technologies financial assistance
(3) For the purposes of subparagraph (1)(f)(i) or (ii), disregard priority low emissions technologies financial assistance that ARENA could provide under both:
(a) paragraph (1)(a); and
(b) another Commonwealth law (including another section of this instrument).
(4) The Minister must cause a copy of information ARENA provides to the Minister under paragraph (1)(f) to be tabled in each House of the Parliament within 15 sitting days of that House after ARENA provides the information to the Minister.
Definitions
(5) Each of the following is a type of priority low emissions technologies financial assistance :
(a) priority aluminium and steel technologies financial assistance;
(b) priority carbon capture and storage technologies financial assistance;
(c) priority clean hydrogen technologies financial assistance;
(d) priority energy storage technologies financial assistance;
(e) priority soil carbon technologies financial assistance.
(6) Financial assistance is of the type of priority low emissions technologies financial assistance mentioned in column 1 of an item of the following table if:
(a) the financial assistance is for research and development projects relating to the technologies ( priority low emissions technologies ) mentioned in column 2 of the item; and
(b) before the financial assistance is provided, it is reasonable to believe that it is likely that the research and development projects (including their outcomes) will be of use in achieving the goal mentioned in column 3 of the item.