Nick Xenophon (SA, Independent) Share this | Hansard source

My question is to the Minister for Finance in his capacity as the sole shareholder minister in ASC Pty Ltd. I note the ASC is a government business enterprise which operates in accordance with the Commonwealth's business enterprise governance and oversight guidelines, which include:

A principal objective for each GBE is that it adds to its shareholder value.

With a full workload and greater efficiency with respect to the build costs of the Air Warfare Destroyer ships 2 and 3 in the 2014-15 financial year, and improved profits in that year of $21.9 million, what was the shareholder value of ASC Pty Ltd, taking into account the value of its wholly owned subsidiary, ASC Shipbuilding Pty Ltd?