Unlocking Capital for Jobs Program

In reply to Mr MARSHALL (Dunstan—Leader of the Opposition) (28 July 2015). (Estimates  Committee  A)

The Hon. A. KOUTSANTONIS (West Torrens—Treasurer, Minister for Finance, Minister for State Development, Minister for Mineral Resources and Energy):

The Department of Treasury and Finance advises the guarantee fee payable by recipients under the Unlocking Capital for Jobs Program is dependent on the term of the state's guarantee. The fee is 2 per cent per annum for the initial three years that a guarantee is provided and 3 per cent in respect of a fourth and fifth year. The maximum guarantee fee payable would be 5 per cent per annum, but only if the term of the guarantee were to extend beyond five years.