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Title

QUESTIONS ON NOTICE

Toyota Grant

Database

Senate Hansard

Date

26-08-2008

Source

Senate

Parl No.

42

Electorate

Tasmania

Interjector

 

Page

3798

Party

LP

Presenter

 

Status

Final

Question No.

484

Questioner

Abetz, Sen Eric

Responder

Sherry, Sen Nick

Speaker

 

Stage

Toyota Grant

Type

 

Context

Answers to Questions on Notice

System Id

chamber/hansards/2008-08-26/0192


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Tuesday, 26 August 2008
Page: 3798


Senator Abetz asked the Minister for Finance and Deregulation, upon notice, on 17 June 2008:

With reference to the $35 million Toyota grant which was announced on 10 June 2008: (1) Where is the grant listed in the 2008-09 Budget papers. (2) Is the grant drawn from the Government’s $500 million Green Car Innovation Fund; if so, from which year of the fund has the $35 million been rephased.


Senator Sherry (Minister for Superannuation and Corporate Law) —The Minister for Finance and Deregulation has supplied the following answer to the honourable senator’s question:

(1)   In the 2008-09 Budget, provision was made in the contingency reserve for the grant to Toyota. Further information on the contingency reserve can be found in the 2008-09 Budget Paper 1, Statement 6, Appendix B.

(2)   As announced, the Government provided $500 million over five years in the 2008-09 Budget for the Green Car Innovation Fund with funding commencing in 2011-12. The grant to Toyota will be funded from reductions to allocations for the Green Car Innovation Fund over the period 2012-13 to 2015-16 of $8.75 million per year.