Economic Investment Fund

In reply to Mr WINGARD (Mitchell) (3 August 2016). (Estimates Committee A)

The Hon. K.J. MAHER (Minister for Employment, Minister for Aboriginal Affairs and Reconciliation, Minister for Manufacturing and Innovation, Minister for Automotive Transformation, Minister for Science and Information Economy): The Minister for Investment and Trade has advised:

In 2015-16, Investment Attraction South Australia secured 11 investment projects, creating more than 3,900 jobs for South Australians.

Of the $5 million Economic Investment Fund in 2015-16, expenditure of $100,000 was reflected in 2015-16. This is due to the timing of establishing the fund and, payments being phased (over years) and linked to key milestones and/or key performance indicators prior to any payments being made.