ANNOUNCEMENT 17 Feb 2013

In February 2013, the government of Australia announced a changed incentive to localise business operations.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE



Prime Minister of Australia, Press Office: http://www.pm.gov.au/press-office/gillard-governments-1-billion-jobs-plan


Inception date: No inception date

Localisation incentive

On 17 February 2013, the Australian Prime Minister, Julia Gillard, announced a buy-local job-plan, for which AUD1 billion will be invested. Among the initiatives, the participation of the Australian industry (Australian firms) will be required for all investment project of at least AUD500 million. For projects of more than AUD2 billion, the government will require the company to create an Office of Australian Industry Capability. Furthermore, a reform of the anti-dumping system is envisaged in order to provide stronger protection to the Australian industry. Additional support is made available (also in terms of funds) to Australian small businesses investing abroad.
 
The purpose of these measures is to create new job opportunities for Australians.

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