Abbott’s $900m backflip on Automotive Transformation backfires

Posted on 11 Mar 2015 by Tim Brown

The Abbott government has this week been accused of gross over exaggeration after it announced a $900m package to the Australian car industry that may only be worth $100m.

In May last year, The Automotive Transformation Scheme Amendment Bill 2014 planned to cut $500m to one of the automotive industries funding programs, the Automotive Transformation Scheme. But the Government this week announced that it would backdown on its election commitment and would continue to fund car makers after the Senate refused to pass the…

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