Senate debates Bills

Banking Amendment (Covered Bonds) Bill 2011; Second Reading


Chris Evans

Chris Evans WA, Australian Labor Party, Leader of the Government in the Senate

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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