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November 16, 2007
The release today of the Auditor General's report on the Regional Partnership Program is very timely. This program, in its original form, was designed by the Keating Government to help drive unemployment down, particularly in regional areas. Following the change of Government in 1996 the program came under Minister Abbott in his Industrial Relations persona.
I recall as a member of a delegation to the Minister arguing that in appropriate circumstances grants should cover capital cost but the Minister was adamant that "if it is a viable proposal capital must be raised, perhaps by a bank loan." The purpose of the program had been to help the unemployed, people with little or no credit rating it. The program was then morphed and transferred across to Regional Development under a National Party Minister. I kept in touch with some aspects of the program in the marginal electorate in which I live.
From last night's [15/11/’07] ABC TV coverage, capital in large amounts has been made available with little accountability and little supervision or reporting. For the last 8 to 12 years these funds have been frittered away.
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Shock Horror!
As you say it was very timely!