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Industry Bill

INDUSTRY (RESILIENCE AND NATIONAL SECURITY) BILL

ENSURING AUSTRALIA HAS INDUSTRIAL RESILIENCE NEEDS TO BE ENSHRINED IN LAW

As a new law, this bill will:
  • Ensure we understand what industries are crucial for national security and national defence.
  • Commit the Australian Government to invest in and foster critical industries, using mechanisms such as; equity stakes, grants, loans and positive policy settings to fill industry gaps.
  • Give confidence for local business leaders to invest long-term.
  • Guarantee procurement rules include a requirement for officials to consider industry resilience benefits for Australia when carrying out Government procurement.

Read more in the official media release:

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