ADELAIDE SHIP CONSTRUCTION INTERNATIONAL

The Hon. R.L. BROKENSHIRE (15:26): I have a supplementary question. In view of the minister's answer in relation to the high value of the waterfront land, can the minister confirm that the government does not have an alternative use for that land in its supporting this massive rise in rent, and does the government still have a focus on medium-size ship building, or is it all about warship building?

The Hon. P. HOLLOWAY (Minister for Mineral Resources Development, Minister for Urban Development and Planning, Minister for Small Business) (15:26): As I have said, it is my understanding that the rent has not been increased in seven years. This is leased land, but the price of all land has probably more than doubled in the past seven years, certainly in the case of residential property.

Clearly, if one was doubling the rent because property values have doubled, that may not be an unreasonable thing to do. Nonetheless, as I said in my answer, there are special factors in relation to this. The government is aware of those special factors, and I am sure my colleague will be seeking to ensure a reasonable outcome. In relation to the proposition put by the honourable member, the government would obviously want Adelaide Ship Construction to continue. I have been out there myself, and I have seen prawn vessels being launched there. Obviously, it is an important industry in this state but, equally, if it is on significant—

The Hon. D.W. Ridgway interjecting:

The Hon. P. HOLLOWAY: Are they being screwed? That is the question: what is a fair rent? Defence SA has undertaken negotiations, and I am sure that my colleague will be able to reach a reasonable outcome.