Joe Ludwig (Queensland, Australian Labor Party, Minister for Agriculture, Fisheries and Forestry) Share this | Hansard source

As part of the Tasmanian Forestry Intergovernmental Agreement, the Commonwealth did commit to and has committed $120 million for economic diversification over 15 years—at 2012, $24 million in funding assistance for a range of economic diversification projects, including the Tasmanian Innovation and Investment Fund, with $8 million for 28 businesses, creating 267 jobs, and a further $16 million for 10 projects.

Building on that work, in May the Prime Minister asked Mr Albanese to draw together a jobs and growth plan for Tasmania that focuses on the things that Tasmania and Tasmanians do best. On May 17, the Prime Minister announced that the government would increase the economic diversification fund to $100 million, to be delivered over four years. And, as discussed with the Tasmanian economic diversification consultation group when Minister Albanese was in Tasmania the week before last, the project that the government is looking— (Time expired)