Marise Payne (NSW, Liberal Party, Minister for Defence) Share this | Hansard source

Through the defence industry white paper and through the first principles review, the government recognises particularly that a strong relationship between Defence and industry ensures that we get the cutting edge technology we need for our Defence Force and jobs growth in defence industries. So the CDIC is going to be co-chaired by a Defence lead and industry co-lead. They will provide the organisation with very strong leadership, and with the expertise to deliver across its three core activities. Firstly, industry development, which will include mentoring for those SMEs that will benefit from that process. They are looking to get into the defence sector. We will also be able to fund skilling programs. Secondly, it will facilitate innovation, including providing grants for companies to be able to more fully develop and commercialise the innovative, cutting edge technology that lives at the heart of the defence industry. And, thirdly, to boost business competitiveness and export, particularly helping companies to access global supply chain programs. (Time expired)