Home > Mid-Year Economic and Fiscal Outlook > Appendix A: Policy decisions taken since the 2013-14 Budget > Expense Measures - Industry

Appendix A: Policy decisions taken since the 2013‑14 Budget (Continued)

Expense Measures (Continued)

Industry

Australian Renewable Energy Agency — redirection of funding

Expense ($m)
	2012‑13	2013‑14	2014‑15	2015‑16	2016‑17
Australian Renewable Energy Agency	‑	‑40.0	‑	‑	‑

The Government will achieve savings of $40.0 million from the Australian Renewable Energy Agency. Funding of $2.4 billion over nine years from 2013‑14 will continue to be provided to support the research and development, demonstration and commercialisation of renewable energy and related technologies.

The savings from this measure will be redirected by the Government to repair the Budget and fund policy priorities.

This measure implements the savings announced in the Government's pre‑election costings document.

Automotive Transformation Scheme — reduction in funding

Expense ($m)
	2012‑13	2013‑14	2014‑15	2015‑16	2016‑17
Department of Industry	‑	‑	‑100.0	‑175.0	‑150.0

The Government will achieve savings of $500.0 million over four years (including $75.0 million in 2017‑18) by reducing funding for the Automotive Transformation Scheme. Funding of $1.3 billion over eight years will remain available to support investment in the Australian automotive industry.

The savings from this measure will be redirected by the Government to repair the Budget and fund policy priorities.

This measure implements the savings announced in the Government's pre‑election costings document.

Buy Australian at Home and Abroad — reduction in funding

Expense ($m)
	2012‑13	2013‑14	2014‑15	2015‑16	2016‑17
Department of Industry	‑	‑0.3	‑0.3	‑	‑

The Government will achieve savings of $0.6 million over two years by reducing funding for the Buy Australian at Home and Abroad programme. Funding of $11.0 million over two years will remain available to continue supporting linkages between major projects in the resources sector and capable Australian firms.

This funding was identified as a saving by the former Government to fund its election commitments and will be redirected by the Government to help repair the Budget and fund policy priorities.

Carbon Capture and Storage Flagships — reduction in funding

Expense ($m)
	2012‑13	2013‑14	2014‑15	2015‑16	2016‑17
Department of Industry	‑	‑45.9	‑24.9	‑112.4	‑72.7

The Government will achieve savings of $256.0 million over four years from the Carbon Capture and Storage Flagships programme. Funding of $735.4 million over seven years from 2013‑14 will continue to be provided to support the development of large scale integrated carbon capture and storage projects in Australia.

The savings from this measure will be redirected by the Government to repair the Budget and fund policy priorities.

Savings from this programme were identified in the Government's pre‑election costings document.

Clean Technology programmes — reduction in funding

Expense ($m)
	2012‑13	2013‑14	2014‑15	2015‑16	2016‑17
Department of Industry	‑	‑34.0	‑	‑	‑

The Government will achieve savings of $34.0 million by reducing funding for the Clean Technology programmes. This includes savings of $10.0 million from the Clean Technology Innovation programme and $24.0 million from the Clean Technology Investment programmes (Clean Technology Investment and Clean Technology Food and Foundries programmes).

This funding was identified as a saving by the former Government to fund its election commitments and will be redirected by the Government to help repair the Budget and fund policy priorities.

Connecting Renewables — Connecting to the Grid — suspension

Expense ($m)
	2012‑13	2013‑14	2014‑15	2015‑16	2016‑17
Department of Industry	‑	‑25.0	‑50.0	‑55.0	‑55.0

The Government will suspend funding for the Connecting Renewables — Connecting to the Grid programme until committed demand is identified. This will save $332.0 million over seven years (including $50.0 million in 2017‑18, $50.0 million in 2018‑19 and $47.0 million in 2019‑20).

The savings from this measure will be redirected by the Government to repair the Budget and fund policy priorities.

This measure implements the savings announced in the Government's pre‑election costings document.

Industry Innovation Precincts programme — reduction in funding

Expense ($m)
	2012‑13	2013‑14	2014‑15	2015‑16	2016‑17
Department of Industry	‑	‑4.9	‑7.8	‑8.3	‑5.0

The Government will achieve savings of $26.0 million over four years by reducing funding for the Industry Innovation Precincts programme. This includes savings of $16.0 million to deliver on the Government's election commitment to discontinue the Manufacturing Technology Innovation Centre and $10.0 million identified as a saving by the former Government to fund its election commitments.

The savings from this measure will be redirected by the Government to repair the Budget and fund policy priorities.

Low Carbon Communities — redirection of funding

Expense ($m)
	2012‑13	2013‑14	2014‑15	2015‑16	2016‑17
Department of Industry	‑	‑6.7	‑	‑	‑

The Government will redirect funding of $6.7 million from the Low Carbon Communities programme to fund part of the cost of the Royal Commission into the Home Insulation Programme.

See also the related expense measure titled Royal Commission into the Home Insulation Programme in the Attorney‑General's portfolio.

Further information can be found in the joint press release of 14 November 2013 issued by the Attorney‑General and the Minister for the Environment.

National CO2 Infrastructure Plan — suspension

Expense ($m)
	2012‑13	2013‑14	2014‑15	2015‑16	2016‑17
Department of Industry	‑	‑15.0	‑5.7	‑	‑

The Government will suspend funding for the National CO2 Infrastructure Plan, saving $20.7 million over two years.

The savings from this measure will be redirected by the Government to repair the Budget and fund policy priorities.

This measure implements the savings announced in the Government's pre‑election costings document.

National Workforce Development Fund — community services workforce assistance — redirection of funding

Expense ($m)
	2012‑13	2013‑14	2014‑15	2015‑16	2016‑17
Department of Industry	‑	‑15.3	‑15.3	‑	‑

The Government will achieve savings of $30.6 million over two years by not proceeding with funding for the National Workforce Development Fund — community services workforce assistance measure, announced in the Pre‑election Economic and Fiscal Outlook 2013.

The savings from this measure will be redirected by the Government to repair the Budget and fund policy priorities.

National Workforce Development Fund — enhancing high‑technology manufacturing — redirection of funding

Expense ($m)
	2012‑13	2013‑14	2014‑15	2015‑16	2016‑17
Department of Industry	‑	‑17.8	‑17.8	‑	‑

The Government will achieve savings of $35.6 million over two years by not proceeding with funding for the National Workforce Development Fund — enhancing high‑technology manufacturing measure, announced in the Pre‑election Economic and Fiscal Outlook 2013.

The savings from this measure will be redirected by the Government to repair the Budget and fund policy priorities.

Resources, Energy and Tourism Counsellor in New Delhi — cessation

Expense ($m)
	2012‑13	2013‑14	2014‑15	2015‑16	2016‑17
Department of Industry	‑	‑	‑0.7	‑0.7	‑0.9

The Government will achieve savings of $2.3 million over three years by not continuing with funding for the Resources, Energy and Tourism Counsellor in New Delhi.

The savings from this measure will be redirected by the Government to repair the Budget and fund policy priorities.

Savings from this programme were identified in the Government's pre‑election costings document.

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