Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

Senator Watt is right and I'm right, but you didn't hear one component. The way we are proposing to structure this program is that the Commonwealth will provide $50 million on the basis of matched funding from the states, because TAFEs ultimately are a core area of responsibility of the states. It's a great opportunity to provide upgrades and refurbishments across Australia. When you've got $50 million worth of federal funding to be matched by the states, dollar for dollar, that takes you to a $100 million program.