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Legislative Assembly for the ACT: 1999 Week 4 Hansard (22 April) . . Page.. 1285 ..
3. (a) None of the new approved assistance packages include financial grants.
(b) None of the new approved assistance packages include discounts on land.
(c) Four of the five assistance packages offer payroll tax waivers:
Company Payroll Tax Waiver
Aspect Computing (Canberra) Pty Ltd Maximum $500,000 or three years.
Intec Australia Pty Ltd Maximum $300,000 or three years.
Sverdrup Technology Aust Pty Ltd Maximum $500,000 or three years.
Tower Software Pty Ltd Maximum $120,000 or three years
The ACT Government has approved assistance to Integrated Forest Products Pty Ltd in the form of a deferred payment, to the end of December 1999, of 50% of stamp duty owed to the Territory for the purchase of the Hume Sawmill. The remaining 50% of the stamp duty will be waived conditional upon the company reaching an employment target over 1999. Total stamp duty assessed on the sale is $139,515.
4. Applicants have the following job growth targets:
Company Employment Growth Target
Aspect Computing (Canberra) Pty Ltd 105 Full time by 31 December 2000
Intec Australia Pty Ltd 30 Full time in ACT by 30 June 1999
Integrated Forest Products Pty Ltd Agreement not finalised (approx 5-10)
Sverdrup Technology Aust Pty Ltd 100 Full time by 31 December 2001
Tower Software Pty Ltd 10 Full Time by 31 December 1999
5. None of the companies have relocated interstate operations however, Intec Australia from South Africa and Sverdrup Technology from the USA, are both international IT firms that were looking to establish regional headquarters to service Australian and Asia Pacific markets. With the assistance provided, the ACT Government has ensured that both companies will expand their existing operations to become the Australian base for both national and international business.
6. In the past 12 months three applications for financial grants have been approved under ACTBIS. The companies and assistance provided are:
Company Assistance Provided
AH CB Canberra Raiders Pty Ltd $30,000
Avcare-National Association $20,000
Radpharm Scientific Pty Ltd $80,000
The funding for Avcare and Radpharm has been paid and both companies have met their performance criteria as obligated by the ACTBIS Agreements.
AH CB Canberra Raiders Pty Ltd has fulfilled its obligations under the ACTBIS
Agreement however the Territory is yet to be invoiced for the reimbursement of
expenditure in relation to the lease of the Raiders' Braddon premises. As such, the funds
are yet to be paid.
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