❓ Hon Peter Collier questions the Minister for Regional Development regarding the impact of federal R&D tax concession changes on the Carnegie Albany wave energy project's milestones. The Minister denies changing any milestones, attributing a negotiated settlement to a specific claim.
AnsweredQoN 1033Legislative Council
QuestionView source ↗
ALBANY WAVE ENERGY
PROJECT — CARNEGIE CLEAN ENERGY — BUSINESS CASE
1033. Hon PETER COLLIER to
the Minister for Regional Development:
I refer the minister to her response
to question without notice asked on 9 October by Hon Martin Aldridge on the
Carnegie Wave Energy project and the changed financial milestone to $2.625 million,
in which she stated —
� the federal government flagged an
intention to change the research and development tax concession, which
radically changed the circumstances of that firm, �
I also refer to the minister's
response today when she stated that the federal government changes to research
and development tax incentives had the potential to impact on the delivery of
the Albany wave energy project, and that the minister had not received
confirmation to this effect from the federal government. Did the proposed
changes to the federal government research and development tax concessions have
any impact on her changing the milestone for delivery of the Carnegie Albany
wave energy project?
PROJECT — CARNEGIE CLEAN ENERGY — BUSINESS CASE
1033. Hon PETER COLLIER to
the Minister for Regional Development:
I refer the minister to her response
to question without notice asked on 9 October by Hon Martin Aldridge on the
Carnegie Wave Energy project and the changed financial milestone to $2.625 million,
in which she stated —
� the federal government flagged an
intention to change the research and development tax concession, which
radically changed the circumstances of that firm, �
I also refer to the minister's
response today when she stated that the federal government changes to research
and development tax incentives had the potential to impact on the delivery of
the Albany wave energy project, and that the minister had not received
confirmation to this effect from the federal government. Did the proposed
changes to the federal government research and development tax concessions have
any impact on her changing the milestone for delivery of the Carnegie Albany
wave energy project?
AnswerView source ↗
No. I did not change any milestone.
There was a negotiated settlement in relation to one particular claim under a milestone.
I have not changed any milestones. I am a bit unsure about what the member is
trying to get at here, but, clearly, it came to our attention probably sometime
in June or July that these changes were being made by the federal government, that there were a number of
companies potentially affected by these changes, and they had not yet gone through the Parliament. As I explained in
my answer today, these changes are considered to be controversial and,
as such, have been referred to a Senate committee for inquiry. We expect some
sort of deliberation on those and a report in December, but it certainly had
the potential to change the capacity of that company.
There was a negotiated settlement in relation to one particular claim under a milestone.
I have not changed any milestones. I am a bit unsure about what the member is
trying to get at here, but, clearly, it came to our attention probably sometime
in June or July that these changes were being made by the federal government, that there were a number of
companies potentially affected by these changes, and they had not yet gone through the Parliament. As I explained in
my answer today, these changes are considered to be controversial and,
as such, have been referred to a Senate committee for inquiry. We expect some
sort of deliberation on those and a report in December, but it certainly had
the potential to change the capacity of that company.
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