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 "S-80" is Commercial in Confidence and cannot be made available publically.

(3) Advantages: The design is under construction for another Navy, therefore Australia would not be the parent.

Disadvantages: The design is not at sea yet and is therefore unproven. The design does not meet Australia's broad needs as outlined in the Defence White Paper.

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