Industry, Tourism and Resources
Asia-Pacific Partnership on Clean Development and Climate
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | 6.1 | 33.1 | 34.1 | 20.9 |
The Government will provide $100.0 million over five years, including $5.9 million in 2010-11, to meet Australia's commitment to the Asia-Pacific Partnership on Clean Development and Climate (APPCDC). Twenty-five per cent of total funding will be earmarked for renewable projects. The APPCDC brings together Australia, China, India, Japan, the Republic of Korea and the United States to promote collaborative approaches to climate change, energy security and air pollution. The funding will be invested in clean development projects and capacity building activities, and support Australia's ongoing role in the APPCDC.
Decisions on funding and the strategic direction of Australia's commitment to the APPCDC will be the joint responsibility of the Minister for Industry, Tourism and Resources and the Minister for the Environment and Heritage, following consultation with the Minister for Foreign Affairs.
Further information can be found in the joint press release of 12 January 2006 issued by the Prime Minister, the Minister for Foreign Affairs, the Minister for Industry, Tourism and Resources and the Minister for the Environment and Heritage.
Business Cost Calculator — further development
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | 0.9 | 0.2 | - | - |
The Government will provide $1.1 million over two years for the further development of a regulation costing model, the Business Cost Calculator, for use by Australian Government regulatory authorities.
The model will assist in reducing the burden on small business by enabling government authorities to more accurately estimate regulation compliance costs.
China Approved Destination Status scheme — strengthening
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | 1.0 | 0.9 | 1.0 | 1.0 |
The Government will provide an additional $3.9 million over four years to strengthen the Approved Destination Status (ADS) scheme with China. The cost of the measure in 2005-06 is being met from within the existing resourcing of the Department of Industry, Tourism and Resources.
The ADS scheme is a bilateral tourism arrangement between the Chinese and Australian Governments that enables Chinese tourists to travel to Australia more easily as part of organised tour groups.
The additional funding will allow continued monitoring of existing ADS tourism operators, increase vetting and monitoring of new ADS applications and provide training for operators on the new ADS arrangements.
Further information can be found in the press release of 17 June 2005 issued by the Minister for Small Business and Tourism.
Cyclone Larry — Business Assistance Fund
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | .. | - | - | - |
| Related revenue ($m) | ||||
| Australian Taxation Office | -30.0 | -20.0 | -10.0 | -7.0 |
The Government will provide $260.0 million in 2005-06 to businesses, including farmers, that have been adversely affected by Tropical Cyclone Larry and are located in the disaster area as declared by the Queensland Government. Funding of $0.7 million over two years from 2005-06 will be provided to Centrelink to administer the programme.
The Government is providing one-off, tax-free grants of $10,000. Businesses that can demonstrate significant losses may also be eligible for an additional grant of $15,000, taking the total grant to $25,000. The grants will assist business recovery, through funding, for example, re‑stocking, re‑planting, re‑establishment and clean‑up.
Further information can be found in the Prime Minister's press releases of 22 and 30 March 2006.
Downstream Petroleum Reform Package — dispute resolution and enforcement funding
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Australian Competition and Consumer Commission | 1.9 | 2.0 | 2.1 | 2.2 |
| Department of Industry, Tourism and Resources | 1.0 | 0.9 | 0.8 | 1.0 |
| Total | 2.9 | 2.9 | 2.9 | 3.2 |
The Government will provide $11.9 million over four years to implement the Downstream Petroleum Reform Package. Funding of $3.7 million over four years will be provided to the Department of Industry, Tourism and Resources to establish a dispute resolution system. Additional funding of $8.2 million over four years will be provided to the Australian Competition and Consumer Commission for enforcement, compliance and educational activities associated with new trade practices regulations.
Electronic authentication, validation and notary services — development
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | 6.7 | 9.9 | 7.6 | - |
| Related capital ($m) | ||||
| Department of Industry, Tourism and Resources | 1.3 | 2.7 | 1.5 | - |
The Government will provide $29.6 million over three years to fund the development of an online whole-of-government electronic authentication, validation and notary service. This funding includes a $5.5 million capital component for the purchase of IT equipment.
These services will expand the business.gov.au website and enable businesses and individuals to undertake online transactions with government more securely and cost effectively.
Ford Australia — assistance
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | - | - | - | - |
The Government will provide $52.5 million to Ford Australia in two tranches, $32.5 million in 2005-06 and $20.0 million in 2012-13. This funding will contribute to the establishment of new engineering and test facilities in Melbourne and Geelong, and assist Ford with design and engineering work related to the development of a new pickup truck and a new generation of Falcon and Territory vehicles.
The Australian Government funding will be matched by the Victorian Government.
Further information can be found in the press release of 5 May 2006 issued by the Prime Minister.
Invest Australia — continuation and enhancement
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | 6.7 | 7.0 | 7.3 | 7.6 |
The Government will provide funding of $72.9 million over four years to continue and expand the operations of Invest Australia.
Invest Australia promotes and facilitates foreign direct investment into Australia. This funding will provide for the establishment of new Invest Australia offices in India and the United Arab Emirates, and allow for the expansion of staff, especially overseas.
Provision for existing funding for Invest Australia of $44.4 million over four years is already included in the forward estimates.
Petroleum Products Freight Subsidy Scheme — additional funding
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | - | - | - | - |
The Government will provide $0.8 million in 2006-07 to reimburse eligible freight suppliers a proportion of the costs incurred in transporting fuels to certain remote locations in Australia. The Petroleum Products Freight Subsidy Scheme (the Scheme) will cease on 30 June 2006 and this funding will allow eligible claims lodged in the final months of the Scheme to be reimbursed in 2006-07.
The cost of this measure will be met from within existing resources of the Department of Industry, Tourism and Resources.
Research and development tax concession — continuation of funding for administration
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | 6.1 | 5.7 | 5.4 | 5.4 |
| Related capital ($m) | ||||
| Department of Industry, Tourism and Resources | 4.1 | 1.3 | - | - |
The Government will provide $28.0 million over four years to support administration of the research and development (R&D) tax concession. The R&D tax concession enables eligible businesses with qualifying R&D expenditure to claim a tax deduction of up to 175 per cent of the expenditure.
The funding will meet growing demand for the tax concession and increase compliance monitoring and legal oversight to minimise inappropriate claims.
This measure includes $5.4 million in capital funding over two years for the Department of Industry, Tourism and Resources to develop a new information management system to manage registrations and programme participation, and to provide for improved risk management.
Small scale mammalian cell production facility — establishment
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | - | - | - | - |
The Government will provide a $10.0 million grant over 2006-07 and 2007-08 to support the establishment of a small-scale mammalian cell bio-manufacturing facility. The facility will produce proteins for use in preclinical testing and clinical trials.
An additional $0.3 million in funding will be provided over three years for administration and evaluation.
The cost of this measure will be met from within existing resources for the Pharmaceuticals Partnerships Programme.
Stockman's Hall of Fame and Outback Heritage Centre — upgrade
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | 0.5 | 1.0 | - | - |
The Government will provide $1.5 million over two years to upgrade the Stockman's Hall of Fame and Outback Heritage Centre in Longreach, Queensland. The funding will allow necessary extensions to be undertaken and enhance the facility's capacity to provide a continued high standard of service.
Since opening in 1988 the Stockman's Hall of Fame and Outback Heritage Centre has received nearly 1 million visitors and served as a flagship attraction of Central Western Queensland.
Supplier Access to Major Projects programme — expansion
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | 1.0 | 1.0 | 1.1 | 1.1 |
The Government will provide an additional $4.2 million over four years to expand the Supplier Access to Major Projects (SAMP) programme.
This funding will assist small and medium-sized Australian businesses to access international supply chains. The Department of Industry, Tourism and Resources will also have an increased role in facilitating access to new global markets and partners.
The SAMP programme was introduced in 1997-98 in recognition of the challenges faced by small and medium‑sized enterprises in accessing major public and private sector projects. With this measure, total funding of $10.6 million will have been provided to the programme since 1997.
Timor Sea — Greater Sunrise gas field revenue sharing
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | - | - | - | - |
Australia and East Timor will share equally revenue from the Greater Sunrise gas field in the Timor Sea.
The revenue sharing agreement arises from the Treaty on Certain Maritime Arrangements in the Timor Sea, signed by the two governments on 12 January 2006. The Treaty will enter into force upon ratification by the two national parliaments.
Payments to East Timor will be administered by the Department of Industry, Tourism and Resources when revenue is available. There is no cost over the forward estimates period because production in the Greater Sunrise field is not expected to begin during that time.
Further information on the Treaty on Certain Maritime Arrangements in the Timor Sea can be found in the press release of 12 January 2006 issued by the Minister for Foreign Affairs.
Venture capital — Innovation Investment Fund — new funding round
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | 1.1 | 1.1 | 1.1 | 1.2 |
The Government will provide $216.3 million (comprising $200.0 million in administered capital and $16.3 million in departmental expenses) over fifteen years to conduct a third round of the Innovation Investment Fund (IIF) programme. Under the IIF programme two new ten-year venture capital funds will be established each year for five years.
The new round of funding will assist new venture capital fund managers to enter the industry and support the development of Australia's early-stage technology-based firms, addressing key findings of the Review of the Venture Capital Industry.
The Government expects the new round of funding to leverage an additional $200.0 million in matching capital from the private sector, resulting in $400.0 million being available for early-stage venture capital investments. The administered capital provided through the IIF programme involves the acquisition of financial assets, which has no immediate impact on the fiscal balance.
See also the related expense measure Venture capital — improving taxation treatment in the Treasury portfolio.
World Youth Day 2008 — contribution
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Industry, Tourism and Resources | - | 10.0 | - | - |
The Government will provide $20.0 million, consisting of $10.0 million in 2005-06 and $10.0 million in 2007‑08, to the Catholic Archdiocese of Sydney as a contribution to the cost of hosting World Youth Day in Sydney in July 2008.
Further information can be found in the press release of 9 April 2006 issued by the Prime Minister.