Legislative Council - Fifty-Third Parliament, Second Session (53-2)
2016-04-12 Daily Xml

Contents

Automotive Supplier Diversification Program

In reply to the Hon. A.L. McLACHLAN (24 September 2015).

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): I am advised that all successful grant recipients under the Automotive Supplier Diversification Program (ASDP) have entered into funding agreements for their respective projects.

All funding agreements contain a number of contractual obligations such as progress reporting and key performance indicators such as net profit.

In addition to this, funding agreements include a clause that the minister or his delegated representative may direct the grantee to arrange for the financial accounts relating to the grant to be audited at the grantee's expense.