Australia's economic resilience and security

encourage and facilitate activities that support Australia's economic resilience and security
The BILL pdf
The MEMO pdf
Bill's home page
Helen Haines
Forum
AI Summary

The "Future Made in Australia (Omnibus Amendments No. 1) Bill 2024" is a proposed piece of legislation aimed at amending existing laws to promote investment in Australia's national economy and the transition to net zero greenhouse gas emissions.

  • Expands the scope of activities the Export Finance and Insurance Corporation (EFIC) can support, focusing on activities that enhance economic resilience, security, and contribute to achieving net zero emissions.
  • Redefines the powers and responsibilities of ministers overseeing EFIC. Australian Renewable Energy Agency Act 2011
  • Updates the objectives of the Australian Renewable Energy Agency (ARENA) to include supporting electrification technologies, energy efficiency technologies, and reducing global greenhouse gas emissions.

Overall, the bill seeks to strengthen Australia's economic and environmental sustainability by leveraging investment in key industries and technologie


Working prototype