King & Wood Mallesons

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A plan for Australian jobs

As part of ‘A Plan for Australian Jobs’, the government plans to roll out the Australian Industry Participation plans currently required as part of tenders for large Commonwealth contracts to private sector capital projects worth $500m or more.

The Australian Government’s “A Plan for Australian Jobs” sets out a range of policies that the Government intends to address the problems faced by Australian industry brought about by factors such as the high Australian dollar. One key pillar of its approach is backing Australian firms to win more work at home.

The Plan proposes new legislation that will require all capital projects worth $500 million to implement Australian Industry Participation (AIP) plans similar to those currently required under Commonwealth contracts. The details of the new policy are not yet available, but some conclusions can be drawn from how the current system operates…

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