Answers to Questions

Business and Jobs Support Fund

440 The Hon. S.C. MULLIGHAN (Lee) (1 April 2021). As at 31 March 2021, how much of the Business and Jobs Support Fund:

(a) Has been committed?

(b) Remains uncommitted?

(c) To whom have commitments been made?

(d) How much is each commitment?

The Hon. S.S. MARSHALL (Dunstan—Premier): I have been advised:

In March 2020, as part of its second economic stimulus package, the government announced the establishment of a $300 million Business and Jobs Support Fund. The government subsequently added a further $230 million to the fund, bringing the total value of the Business and Jobs Support Fund to $530 million.

The Business and Jobs Support Fund assists individual businesses and industry sectors facing potential collapse and the loss of thousands of jobs due to the ongoing impacts of COVID-19 and necessary restrictions to limit its spread.

As at 31 March 2021, $517.6 million of funding has been committed from the Business and Jobs Support Fund. This leaves a remaining provision for future initiatives of $12.4 million The 2020-21 Budget Measures Statement (pages 7 and 8) provides a comprehensive breakdown of the $510.3 million committed from the Business and Jobs Support Fund at the time of the budget.

Since the release of the budget commitments have been made to a further $7.3 million of initiatives.

A breakdown of funds committed from the Business and Jobs Support Fund will be provided in the 2021-22 budget papers.