Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

We are facing a situation where the value of the dollar has increased by some 63 per cent since the onset of the global economic crisis, and our CRCs are an object lesson on what can be done to transform an industry, a region or an economy to deal with that reality.

The AutoCRC helped to deliver the 2020 roadmap, which sets out the technologies that we need to revitalise the automotive industry: light-weighting, electrification, gaseous fuels and new initiatives in ICT. It works directly with the component suppliers to get them into the global supply chain and it will now have the resources to continue that work, which of course is at a vital time for the Australian automotive industry.

If we look at the CRC for Polymers, companies have launched this on the basis of the credible strength of the research that is engaged. Two of the researchers— (Time expired)