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Government must explain symons' emdg grant: opposition



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P A R L I A M E N T O F A U S T R A L I A

H O U S E O F R E P R E S E N T A T I V E S

PARLIAMENT HOUSE CANBERRA ACT 2600 TEL: (06) 277 4720 FAX· (06)277 4990

HON. ANDREW PEACOCK, NLP. Member for Kooyong Shadow Minister for Trade

4 TREASURY PLACE

MELBOURNE VIC 3002 TEL: (03)650 3455 F A X (03)650 5115

92/T1

PRESS RELEASE BY HON. ANDREW PEACOCK, MP SHADOW MINISTER FO R TRADE

GOVERNM ENT MUST EXPLAIN SYMONS' EM DG GRANT: OPPOSITION

The Federal Opposition called on the Government to provide details on the award of a $141,559 Export Market Development Grant to a company of M r Gregory Symons in 1988-89 given that the company had apparently gone into receivership in 1988.

The Shadow Minister for Trade, Hon Andrew Peacock, said that a number of questions were raised by the m atter about Austrade's assessment of EMDG applications.

"It is particularly important that we know whether or not Senator Richardson was aware of the EMDG grant to his friend and relative or was in any way involved in his obtaining a grant."

Mr Symons was a director of Feedtech Pty Ltd which received an EMDG grant in 1988-89 for grant year 1983-84 according to Austrade documents provided to Mr Peacock.

Feedtech went into receivership in 1988-89 according to reports in today's press.

Mr Peacock said he had placed a Freedom of Information request to Austrade in order to review Feedtech's application for an EMDG grant and in order to ensure that Austrade had followed due processes in awarding the grant.

ends. Melbourne, 13 May 1992.

Contact: Alistair Nicholas on (06) 277 4720 or (06) 285 3798 A H .

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