House debates

Wednesday, 5 June 2013

Bills

Appropriation Bill (No. 1) 2013-2014; Consideration in Detail

4:53 pm

Photo of Greg CombetGreg Combet (Charlton, Australian Labor Party, Minister for Climate Change, Industry and Innovation) Share this | Hansard source

The Automotive Transformation Scheme is a critical public policy component in the investment decisions that businesses, both the major motor-vehicle manufacturers and the suppliers, are taking. The government has committed money through to 2015 and beyond under the Automotive Transformation Scheme. The contrast here is that the coalition's policy is to remove $500 million—which I understand has been confirmed, again, since Ford's announcement—from the ATS up to 2015 and then they have put at risk and created uncertainty about $1½ billion committed to the ATS and other measures beyond 2015. If you are an investor in a motor-vehicle manufacturing plant—

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