The Forum > General Discussion > How many policy flips can business take?
How many policy flips can business take?
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- pink batts on/off
- solar rebates on/off
- mining tax on/modified to suit big miners/modification means it will never generate revenue
- super trawlers in/out
- carbon tax on/off/on
- floor price of carbon fixed/floating
and now another.
Commercialisation Australia chief confirms new grants on hold amid "unheard of" government review of grants
Tuesday, 11 September 2012 10:37
Patrick Stafford wrote
"The chief executive of the Federal Government's Commercialisation Australia scheme has confirmed no new grants are being written, as the government engages in a widespread halt on grants in a range of sectors.
This comes as a separate report has confirmed the Clean Technology Investment Fund under the direction of Climate Change Minister Greg Combet has also been halted.
The government is understood to have put all grants on a temporary pause. Many of these grants are designed specifically for small and medium businesses.
Doron Ben-Meier confirmed with SmartCompany this morning that while Commercialisation Australia is still operating as per usual, no new grants are being written.
"It's not intended to be a long-term solution. But the program is not on hold, this only applies with regard to the writing of new grants."
GrantReady managing director Adrian Spencer says while states and territories have suffered pauses in grant programs before, the current scale of the federal pause is "unheard of".
"Logically we understand the government has to manage its cashflow. But it's the timeline that took people by surprise."
A separate report in Fairfax alleges the Clean Technology Investment program, created as part of the government's carbon tax legislative suite and worth $1 billion, has also been put on hold.
The grant is designed to help manufacturers invest in new energy-saving equipment. But as part of the general hold, it has also been temporarily halted."
It is almost totally impossible to make any commercial decision that are "policy related" these days.