❓ Hon Dee Margetts questions the Department of Conservation and Land Management regarding Bio-Gene Bioprospecting's investment and establishment of screening facilities as per their agreement. The Minister's response indicates Bio-Gene hasn't met the initial investment timeline but the period hasn't fully elapsed.
AnsweredQoN 1402Legislative Council
QuestionView source ↗
With regards to the agreement between the Department of Conservation and Land Management and Bio-Gene Bioprospecting -
(1) When this agreement was initially signed, Bio-Gene agreed to invest $40 million over a five year period to establish or commission suitable screening facilities. How much has been invested to date?
(2) Has Bio-Gene established its own screening facility?
(1) When this agreement was initially signed, Bio-Gene agreed to invest $40 million over a five year period to establish or commission suitable screening facilities. How much has been invested to date?
(2) Has Bio-Gene established its own screening facility?
AnswerView source ↗
Answered
4 December 2003
Responded by
Minister for Local Government and Regional Development representing the Minister for the Environment
Response time
21 days
(1) Under the licence agreement Biogene agreed to establish a screening facility of a defined capacity as early as possible and in any event before the end of the first five year period. This period has not yet passed. (2) No.
(2) No.
(2) No.
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