House of Assembly - Fifty-First Parliament, Third Session (51-3)
2009-06-02 Daily Xml

Contents

MITSUBISHI MOTORS

465 Mr HANNA (Mitchell) (31 March 2009). How much funding is the government entitled to recover from Mitsubishi in respect of the Tonsley Plant closure and how much has been actually recovered?

The Hon. K.O. FOLEY (Port Adelaide—Deputy Premier, Treasurer, Minister for Industry and Trade, Minister for Federal/State Relations): The Government is entitled to recover $35 million plus interest of $34,865.75 from Mitsubishi Motors Australia Limited (MMAL) calculated from the date Mitsubishi announced its closure (5 February 2008) to the date that the money was actually repaid (10 February 2008).

These amounts were recovered in full from Mitsubishi on 10 February 2008.