- Innovation, Industry, Science and Research
- Originating house
- House of Representatives
- Parliament no
- Further to the package of bills to implement a carbon pricing mechanism, the bill establishes a framework for the Steel Transformation Plan comprising of a $300 million entitlement program for the Australian steel manufacturing industry over four years from the 2012-13 financial year. Also provides for: the minister to approve competitiveness assistance advances up to the value of $164 million in the 2011 12 financial year; administrative details relating to the plan to be included in a legislative instrument; and a monitoring regime.