Senate debates

Tuesday, 10 December 2013

Questions without Notice

Automotive Industry

2:20 pm

Photo of Kim CarrKim Carr (Victoria, Australian Labor Party, Shadow Minister Assisting the Leader for Science) Share this | Hansard source

My question is to the Minister representing the Minister for Industry Senator Ronaldson. I note the Holden submission to the Productivity Commission states:

From 2001-2012, Holden generated $32.7 billion of economic activity in Australia. During that period, Holden received $1.8 billion in Commonwealth Government assistance, returned $1.4 billion to the Government as PAYG income tax revenue and paid $21 billion to other businesses in Australia for supplies and services.

Can the minister confirm the accuracy of the figures in Holden's submission? Can the minister also confirm that 18 to one is the return on investment in Holden?

Comments

No comments