Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Australian Submarine Corporation.

Download PDFDownload PDF

19 December 2001 02/01

Australian Submarine Corporation The Minister for Defence, Senator Robert Hill and the Minister for Finance and Administration, Senator Nick Minchin today announced important changes relating to the Australian Submarine Corporation.

These decisions follow from the Federal Government’s announcement during the recent election that ASC will provide the through-life support of the Collins Class Submarines.

While it remains the Government’s intention to sell its shares in the Australian Submarine Corporation, this will not be proceeded with for the time being.

Rather, the Government will concentrate on a number of critical issues including:

negotiation of the detailed commercial arrangements with ASC to meet the Government’s commitments on the strengthening of ASC’s capability to provide this service; ●

negotiation and conclusion of arrangements for the introduction into the ASC of General Dynamics/Electric Boat Corporation as a capability partner; and ●

resolving intellectual property and design authority issues necessary to this through-life support. ●

These decisions should be seen as a further commitment by the Government to ASC in the critical role it will play in relation to a sustainable submarine capability in general and the through-life support of the Collins Class in particular.

Media contact:    Belinda Huppatz    (Senator Hill’s office)    (08) 8237 7920