This instrument is the Industry Research and Development (Carbon Capture, Use and Storage Development Program) Instrument 2021.

(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.	6 May 2021

Note: This table relates only to the provisions of this instrument as originally made.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

Kyoto Protocol means the Kyoto Protocol to the United Nations Framework Convention on Climate Change, done at Kyoto on 11 December 1997, as in force for Australia from time to time.

Note: The Protocol is in Australian Treaty Series 2008 No. 2 ([2008] ATS 2) and could in 2021 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).

Paris Agreement means the Paris Agreement, done at Paris on 12 December 2015, as in force for Australia from time to time.

Note: The Agreement is in Australian Treaty Series 2016 No. 24 ([2016] ATS 24) and could in 2021 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).

program: see subsection 5(1).

United Nations Framework Convention on Climate Change means the United Nations Framework Convention on Climate Change, done at New York on 9 May 1992, as in force for Australia from time to time.

Note: The Convention is in Australian Treaty Series 1994 No. 2 ([1994] ATS 2) and could in 2021 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).

5 Prescribed program

(1) For the purposes of subsection 33(1) of the Act, the Carbon Capture, Use and Storage Development Program (the program) is prescribed.

(2) The program provides funding to support pilot projects and pre‑commercialisation activities for:

(a) the capture of carbon dioxide for subsequent use or storage; and

(b) the use or storage of carbon dioxide.

(3) The purpose of the program is to:

(a) reduce emissions from energy generation, natural gas production and heavy industries (including manufacturing, chemical production, cement production and fertiliser production), to contribute to meeting Australia’s emission reduction obligations; and

(b) accelerate the commercialisation of technologies for the capture, use or storage of carbon dioxide and encourage industry investment in deploying those technologies in Australia; and

6 Specified legislative power

For the purposes of subsection 33(3) of the Act, the powers of the Parliament to make laws with respect to the following are specified:

(a) foreign corporations, and trading or financial corporations formed within the limits of the Commonwealth (within the meaning of paragraph 51(xx) of the Constitution);

(b) external affairs (within the meaning of paragraph 51(xxix) of the Constitution) as it relates to measures that would assist Australia to meet its obligations under one or more of the following:

(i) the Kyoto Protocol, particularly Article 10;

(ii) the Paris Agreement, particularly Article 4;

(iii) the United Nations Framework Convention on Climate Change, particularly Article 4;

(c) matters in respect of which this Constitution makes provision until the Parliament otherwise provides (within the meaning of paragraph 51(xxxvi) of the Constitution), together with section 96 of the Constitution;

(d) the government of a Territory (within the meaning of section 122 of the Constitution).

7 Eligibility criteria relating to the program

For the purposes of subsection 33(4) of the Act, the eligibility criteria relating to the program include the requirement that an applicant is any of the following:

(a) a constitutional corporation;

(b) a State, or an agency, authority or instrumentality of a State;

(d) an authority of the Commonwealth.