Carr introduces ATS
The federal government's support mechanism for the automotive industry is now to be known as the Automotive Transformation SchemeSay goodbye to ACIS and welcome the ATS. Innovation Minister, Senator Kim Carr yesterday announced the official commencement of the Automotive Transformation Scheme (ATS), which replaces ACIS (the Automotive Competitiveness and Investment Scheme).
The new scheme, one of the recommendations of the Bracks review of the automotive industry, will funnel as much as $3.4 billion into the local automotive industry to encourage investment and innovation.
"The ATS is the key element of the Australian Government's $6 billion New Car Plan for a Greener Future," Senator Carr (pictured) said.
"There are more than 200,000 jobs reliant on the automotive sector. Through the ATS, the Gillard Government is supporting investment and innovation to enable the sector to meet the challenges of the 21st century."
"ATS is a partnership between Government and industry with co-investment at its core. Businesses accessing the ATS will need to report progress in achieving economic and environmental sustainability, and developing a more skilled workforce."
"AusIndustry -- the Australian Government's principal business program delivery division -- will be presenting information seminars to the sector. This includes motor vehicle producers; automotive component producers, automotive machine tool and automotive tooling producers, and automotive service providers."
Within the ATS framework, capped assistance of $1.5 billion will be provided between 2011 and 2015, with a further $1 billion of capped assistance available between 2016 and 2020. In addition, uncapped assistance of $847 million will be available. The ATS will apply from January 1, 2011 to December 31, 2020.
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