(1)   With reference to Indonesia’s debts to Australia: (a) what percentage of its Export Finance and Insurance Corporation (EFIC) debt was generated from the Development Import Finance Facility Scheme through the National Interest Account; (b) what percentage of its EFIC debt has been rescheduled through the Paris Club; and (c) for each group of rescheduled Paris Club loans, can details be provided of:

(i)   the company name,

(ii)   the date of the original facility,

(iii)   the name of the project,

(iv)   the name of the beneficiary,

(v)   the dollar amount still outstanding, and

(vi)   the terms of agreement (including current rate of interest charged).

(2)   What percentage of Indonesia’s total rescheduled payments relate to transactions involving Transfield Construction’s steel bridge projects.

(1)  

(a)   The current proportion of outstanding debt classified as Development Import Finance Facility Scheme debt on the National Interest Account is 66 per cent.

(b)   The current proportion of outstanding debt that has been rescheduled through the Paris Club is 34 per cent

(c)   Details of company name, date of the original facility, name of the project and name of the beneficiary for each group of rescheduled Paris Club loans are provided in the table below.

(i)   to (iv)—

Australian Exporter	Date of Original Facility	Project	Indonesian Contract Party	Paris Club Agreement
Vocational and Technical Training Corporation of Aust.	22 May 1987	Scientific equipment	Ministry of Education and Culture Republic of Indonesia	1998, 2000, 2002
Transfield Pty Limited	26 April 1988	Prefabricated steel bridging material	Ministry of Public Works Republic of Indonesia	1998, 2000, 2002
LSE Technology Pty Ltd	25 May 1989	Railway telecommunication network extensions	Ministry of Communication Republic of Indonesia	1998, 2000, 2002
Vocational and Technical Training Corporation of Aust.	30 June 1989	Scientific equipment	Ministry of Education and Culture Republic of Indonesia	1998, 2000, 2002
AWA Limited	6 October 1989	Aviation navigational aids	Ministry of Communication Republic of Indonesia	1998, 2000, 2002
Transfield Construction	19 February 1990	Prefabricated steel bridging material	Ministry of Public Works Republic of Indonesia	1998, 2000, 2002
LSE Technology Pty Ltd	15 April 1991	Railway telecommunication network extensions	Ministry of Communication Republic of Indonesia	1998, 2000, 2002
Amos Aked Swift Pty Ltd	15 April 1991	Telecommunications consultancy services	Ministry of Communication Republic of Indonesia	1998, 2000, 2002
Television Australia Satellite Systems Limited	11 March 1992	Meteorological equipment	Ministry of Communication Republic of Indonesia	1998, 2000, 2002
Westinghouse Brake & Signal Pty Ltd	31 May 1993	Railway signalling equipment	Ministry of Communication Republic of Indonesia	2000, 2002
Transfield Construction Pty Ltd	31 May 1993	Prefabricated steel bridges	Ministry of Public Works Republic of Indonesia	2000, 2002
Relpar Pty Ltd	14 February 1994	Education equipment	Ministry of Education and Culture Republic of Indonesia	2000, 2002
Amos Aked Swift Pty Ltd	24 February 1994	Telecommunications consultancy services	Ministry of Communication Republic of Indonesia	1998, 2000, 2002
ABB EPT Construction Pty Ltd	7 June 1994	Electricity transmission lines	Perusahaan Umum Listrik Negara	2000, 2002
GEC Alsthom Australia Limited	22 June 1994	Supply electricity substations	Perusahaan Umum Listrik Negara	2000, 2002
AWA Limited	12 April 1995	Traffic control system	Ministry of Communication Republic of Indonesia	2002
Westinghouse Brake & Signal Company	26 June 1995	Railway signalling system	Ministry of Communication Republic of Indonesia	2002
GEC Alsthom Australia Limited	26 June 1995	Railway signalling system	Ministry of Communication Republic of Indonesia	2002
Vocational and Technical Training Corporation of Aust.	25 October 1995	Occupational health and safety project	Ministry of Manpower Republic of Indonesia	2002
CMPS Asia Pacific Pty Ltd	29 March 1996	Radio transmitters	Ministry of Information Republic of Indonesia	2002
NEC Australia Pty Ltd	4 June 1996	Rural telecommunications network	PT Telekomunikasi Indonesia	2002
Philips Public Telecommunications Systems	4 June 1996	Rural telecommunications network	PT Telekomunikasi Indonesia	2002
Solarex Pty Limited	28 February 1997	Photovoltaic solar power systems	Agency for the Assessment & Application of Technology	2002
ABB Engineering Construction Pty Limited	17 April 1997	Transmission lines	PT PLN (Persero)	2002
Labax International Pty Ltd	4 June 1997	Scientific equipment	The Environmental Impact Management Agency	2002

(v)   and (vi)— EFIC’s loans to the Indonesian Government have been rescheduled on three occasions through the Paris Club. These rescheduling agreements covered payments originally due from Indonesia between August 1998 and December 2003. In the aftermath of the December 2004 tsunami, the Paris Club provided further debt relief, including deferring payments due in 2005 on previously rescheduled debt. The current amount outstanding and terms of agreement (including the rate of interest charged) for each group of Paris Club rescheduled debts are as follows:

Paris Club rescheduling	A$ million	Interest rate*	Final maturity date
Paris Club I September 1998	45.1	Libor plus 0.5% per annum, and effective Libor/Euribor rate.	June 2019
Paris Club II April 2000	102.9	Euribor plus 0.5% per annum, and Libor plus 0.5% per annum.	June 2021
Paris Club III April 2002	170.7	Euribor plus 0.5% per annum, and Libor plus 0.5% per annum.	June 2021
Paris Club 2004 Tsunami Debt Relief	5.0	The Government of Indonesia is not charged interest on these rescheduled amounts.	December 2009

* The original loans to Indonesia were denominated in US dollars and Dutch Guilders. Under the Rescheduling Deed, EFIC made disbursements to Indonesia, in the same currency as the original loans, which were used to pay off earlier unpaid loans. These disbursements were to be repaid to EFIC using the appropriate interest rate. The Libor rate applies to the US Dollar component and Euribor rate for the Dutch Guilder component. The amounts remaining owing under each facility are not recorded as the loans are grouped such that they lose their separate identity, and rescheduled payments are not recorded by reference to the original loan facility.

(2)   As a result of the Paris Club processes, the rescheduled debt of each Transfield Construction Pty Ltd loan was grouped and rescheduled with other loans. Accordingly these loans no longer retain their separate identity and rescheduled payments are not recorded by reference to the original loan facility. Transfield Construction’s steel bridge projects accounted for the following proportions of the total stock of debt rescheduled through each Paris Club debt treatment (in dollar terms): - Paris Club rescheduling 1 58% - Paris Club rescheduling 2 52% - Paris Club rescheduling 3 39% However, it is not possible to identify the percentage of rescheduled debt payments attributable to Transfield Construction’s steel bridge projects for the reasons set out above.