David Johnston (WA, Liberal Party, Shadow Minister for Defence) Share this | Link to this | Hansard source

asked the Minister for Finance and Deregulation, upon notice, on 26 November 2012:

What plans does the Australian Submarine Corporation have in place to ensure it has the capacity to continue to sustain Collins Class submarines while, at the same time, potentially building Australia's future submarine.

Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Link to this | Hansard source

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

Noting that a Government decision on the extent and timing of future submarines has not yet been finalised, some preparatory activities related to possible future submarine work have been undertaken. For example, Deep Blue Tech (DBT) - a wholly owned subsidiary of ASC - was established in 2007 to conduct research and develop concepts for Australia's SEA 1000 Future Submarine project.