ARTICLE · 28 SEPTEMBER 2009

Automotive Transformation Scheme

Hunt & Hunt

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The ACIS Administration Amendment Bill 2009 was passed on 14 September 2009 and the Automotive Transformation Scheme Bill 2009 was passed on 16 September 2009.

AustraliaStrategy

Dianna Gu

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Further to our previous notifications on the progress of the Federal Government's automotive policy "A New Car Plan for a Greener Future", the ACIS Administration Amendment Bill 2009 ("ACIS Amendment Bill") was passed on 14 September 2009 and the Automotive Transformation Scheme Bill 2009 ("ATS Bill") was passed on 16 September 2009.

These Bills establish the framework for the Automotive Transformation Scheme ("ATS") which will replace the Automotive Competitiveness and Investment Scheme ("ACIS") as the major support program for the Australian automotive industry.

The ATS will be rolled out in two stages. Stage one runs from 1 January 2011 and ends on 31 December 2015 and replaces ACIS stage three. Stage two runs from 1 January 2016 and ends on 31 December 2020.

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