Senate debates Questions without Notice

Defence Procurement


Mathias Cormann

Mathias Cormann WA, Liberal Party, Minister for Finance

2:25 pm

The future evaluation of ASC is, self-evidently, a function of its future performance. But, during the most recent financial year, ASC recorded an after-tax profit of $21.9 million, which was a material improvement on the performance in the previous financial year and which was the result of significant productivity improvements. We look forward to ASC continuing to improve its performance moving forward.

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