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Legislative Assembly for the ACT: 2013 Week 4 Hansard (21 March) . . Page.. 1292..


Six (6) Austrade leads have been supported in the Investment Facilitation program during the 2012-13 year to date. Other leads provided by Austrade are being progressed to clarify their relevance to the ACT.

(2)

a) The six (6) Austrade leads that have been supported were received throughout the 2012-13 year to date. Eleven (11) leads from other sources have also been supported by the Investment Facilitation program during the 2012-13 year to date.

b) Six (6) leads were provided during the 2012-13 year to date by Austrade. The source of the remaining eleven (11) leads includes direct enquiries to the ACT Government by prospective investors.

c) Investment leads are commercially sensitive (typically involving formal restrictions on communication to third parties) and accordingly the ACT Government does not announce the details of specific investment leads until such time as a project closes and the investor agrees to public release.

d) As advised in the previous answer to part (c) of this question, investment leads are commercially sensitive and the ACT Government does not announce the details of specific investment leads until such time as the project closes and investor agrees to public release.

e) Investment leads are commercially sensitive and the ACT Government does not announce the details of specific actions undertaken in response to investor requirements. However, at a general level the program focuses on promoting Canberra as an investment destination, including messaging the stability and strength of the ACT economy, the innovative and productive workforce we have in Canberra and the opportunities that are relevant to specific investment leads. The program also focuses on supporting the facilitation of investor leads to ensure that Canberra is successful in achieving its investment attraction objectives, which include creating private sector growth, diversification and jobs.

f) The key actions of the program have been outlined in the previous answer to part (e) of the question.

g) Successful facilitation outcomes will be communicated publicly as they occur but only with the agreement of the client investor. The formal program has only been operating for a short period of time. The Government is not in a position to communicate outcomes at this point in time.

Finance—investments (Question No 64)

Mr Smyth asked the Minister for Economic Development, upon notice, on 14 February 2013:

(1) In relation to Investment Facilitation, Key Company Program Client Connections, how many leads were (a) received and (b) serviced in (i) 2010-11, (ii) 2011-12 and (iii) 2012-13.

(2) Of clients that were serviced, can the Minister provide details on the (a) date of lead generated, (b) source of lead, (c) relevant sector, (d) value of prospective lead, (e) actions taken, (f) number of introductions organised and (g) outcome.


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