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BUSINESS MIGRATION PROGRAM
337 Mr HAMILTON-SMITH (Waite) (23 August 2011) (First Session). With respect to 2011-12 Budget Paper 4—Volume 4, p40—
1. Why did DTED underspend on its Business Migration Program and what is the status of this operation in terms of staffing, financial support and results?
The Hon. A. KOUTSANTONIS (West Torrens—Minister for Manufacturing, Innovation and Trade, Minister for Mineral Resources and Energy, Minister for Small Business): I have been advised of the following:
I am advised the Department of Trade and Economic Development did not underspend on its Business Migration Program in the 2010-11 financial year.
The Business Migration Program has two FTE's allocated and does not provide financial support.
I am further advised that, in the 2010-11 financial year, actual results from this program included; 333 sponsored applications; 165 FTE jobs created; AUD$107.5m invested; and AUD$18.7m in exports.