(1) The object of this Act is to ensure that controlled material is safely and securely managed by providing for:
(a) the selection of a site for a radioactive waste management facility on land in Australia; and
(b) the establishment and operation of such a facility on the selected site.
(2) By ensuring that controlled material is safely and securely managed, this Act, among other things, gives effect to certain obligations that Australia has as a party to the Joint Convention, in particular, Australia's obligations under Chapters 3 and 4 of the Joint Convention.