Nick Xenophon (SA, Independent) Share this | Hansard source

Mr President, I ask a further supplementary question. The FCAI has, through the Allen Consulting Group, using the same modelling parameters as Treasury, estimated a $21.5 billion hit to the economy if the automotive industry fails. What modelling and what contingency plans have the federal government undertaken to assess the damage to Australia's economy and to jobs in the automotive supply chain, given the General Motors decision to exit car manufacturing in Australia? Does the government acknowledge the size and the utmost urgency of the problem?