Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

The answer to the honourable senator's question is as follows:

(1) As at 25 January 2011, $35,213,036 had been committed under the structural adjustment element of AISAP.

The total amount of funding spent under the labour market element of AISAP as at 25 January 2011 is $9 million (this element is the responsibility of the Department of Education, Employment and Workplace Relations (DEEWR)).

(2) As at 25 January 2011, nine companies had received funding under the structural adjustment element of AISAP. Of these, three companies had received funding assistance to undertake mergers and acquisitions. Information regarding mergers and acquisitions is commercial in confidence.

(3) As at 25 January 2011 there were a total of 2,718 job seekers who received support as a result of funding provided under the labour market element of the AISAP (DEEWR).

(4) As at 25 January 2011, $34.495 million remained uncommitted under the structural adjustment element of AISAP for the financial year 2010-11. No funding is appropriated for subsequent years under the structural adjustment element of AISAP.

As at 25 January 2011, there is a total of $27.3 million uncommitted funds under the labour market element of AISAP (DEEWR).