Senate debates

Thursday, 13 October 2011

Bills

Banking Amendment (Covered Bonds) Bill 2011; Second Reading

Photo of Chris EvansChris Evans (WA, Australian Labor Party, Leader of the Government in the Senate) Share this | Hansard source

The Minister for Defence has provided the following answer to the honourable senator's question:

(1) Yes.

(2) The cost estimate provided to Defence by the supplier of "S-80" is Commercial in Confidence and cannot be made available publically.

(3) Advantages: The design is under construction for another Navy, therefore Australia would not be the parent.

Disadvantages: The design is not at sea yet and is therefore unproven. The design does not meet Australia's broad needs as outlined in the Defence White Paper.

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