(1) The object of this Act is:
(a) to encourage competitive investment and innovation in the Australian automotive industry; and
(b) to place the industry on an economically sustainable footing;
by providing assistance to a participant in the Automotive Transformation Scheme based on the participant's investment if the investment is of a kind prescribed by the Scheme.
(2) The object is to be achieved in a way that:
(a) improve s environmental outcomes; and
(b ) promote s the d evelopment of workforce skills .