Richard Colbeck (Tasmania, Liberal Party, Shadow Parliamentary Secretary for Fisheries and Forestry) Share this | Link to this | Hansard source

asked the Minister for Innovation, Industry, Science and Research, upon notice, on 3 February 2011:

(1) What amount of funding has been spent and/or committed under the Automotive Industry Structural Adjustment Program (AISAP).

(2) How many companies have received funding under the AISAP; of these, how many have merged and with whom have they merged.

(3) How many individuals have received funding under the AISAP.

(4) What amount of funding remains uncommitted under the AISAP for the 2010-11 financial year and for each (if any) subsequent year.

Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Link to this | Hansard source

The answer to the honourable senator's question is as follows:

(1) As at 25 January 2011, $35,213,036 had been committed under the structural adjustment element of AISAP.

The total amount of funding spent under the labour market element of AISAP as at 25 January 2011 is $9 million (this element is the responsibility of the Department of Education, Employment and Workplace Relations (DEEWR)).

(2) As at 25 January 2011, nine companies had received funding under the structural adjustment element of AISAP. Of these, three companies had received funding assistance to undertake mergers and acquisitions. Information regarding mergers and acquisitions is commercial in confidence.

(3) As at 25 January 2011 there were a total of 2,718 job seekers who received support as a result of funding provided under the labour market element of the AISAP (DEEWR).

(4) As at 25 January 2011, $34.495 million remained uncommitted under the structural adjustment element of AISAP for the financial year 2010-11. No funding is appropriated for subsequent years under the structural adjustment element of AISAP.

As at 25 January 2011, there is a total of $27.3 million uncommitted funds under the labour market element of AISAP (DEEWR).