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Legislative Assembly for the ACT: 1999 Week 4 Hansard (22 April) . . Page.. 1284 ..

Business Incentive Scheme

(Question No. 134)

Mr Stanhope

asked the Chief Minister, upon notice, on 20 April 1999:

In relation to the ACT Business Incentive Scheme (ACTBIS).

1. How many firms have received approval for assistance under the Scheme in the past six months?

2. What are the names of successful applicants, and if the applicants are companies, the names of the principals of these companies?

  1. What is the real value of the:

  1. direct financial assistance;
  2. discounts on land; and
  3. income foregone in relation to land rent, payroll and other tax waivers of these applications.

4. How many jobs are likely to be created by each applicant?

5. If a successful applicant has moved to Canberra as a result of the scheme, where were they located prior to receiving support under the scheme?

6. Where direct financial assistance has been approved under the scheme over the past 12 months, have all successful applicants met their performance criteria and, if not, have they been required to repay their financial assistance.

7. Noting that on October 19 1998, in an answer to a question during proceedings of the Estimates Committee 1998-1999 regarding successful ACTBIS applicants, it was anticipated that around 1880 new jobs would be created by these applicants, has this target been met, and if not what is the adjusted figure?

Ms Carnell

: The answers to the member's questions are as follows:

1. Since 1 October 1998 five new ACTBIS applications have received ACT Government approval.


Company Principal

Aspect Computing (Canberra) Pty Ltd P. Draney, Director

Intec Australia Pty Ltd Andrew Goodlace, Managing Director

Integrated Forest Products Pty Ltd Tony Esplin, Executive Director

Sverdrup Technology Australia Pty Ltd Glenn Wadham, General Manager

Tower Software Pty Ltd Berend (Brand) J P Hoff, Managing


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