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
Asked
13 November 2003
Portfolio
the Environment

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?

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.

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