Senate debates

Thursday, 13 October 2011

Bills

Banking Amendment (Covered Bonds) Bill 2011; Second Reading

Photo of Chris EvansChris Evans (WA, Australian Labor Party, Leader of the Government in the Senate) Share this | Hansard source

The Minister for Defence has provided the following answer to the honourable senator's question:

(1) Yes.

(2) The cost estimate provided to Defence by the supplier of "Scorpène" is commercial-in-confidence and cannot be made available publically.

(3) Advantages:   Proven design and possibly a relatively shorter delivery time compared with some other potential options.

  Disadvantages: The design does not meet Australia's broad needs as outlined in the Defence White Paper.

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