Important information from Australian Defence Alliance – VIC and Victorian Defence Alliances

Important information from Australian Defence Alliance – VIC and Victorian Defence Alliances

Minister Reynolds (Defence Minister) and Minister Price (Minister for Defence Industry) have put out a joint media release about support for the defence industry sector during these difficult times. The release contains the following highlights which will have a positive impact on our members:

  • Fast-tracked payments to defence industry a key feature of initial assistance.
  • This will mean some suppliers will receive payment up to two weeks earlier than usual.
  • Additional measures in place include:
    • Accelerating payments to Australian suppliers.
    • Reinforcing to strategic prime contractors the important role in ensuring prompt payment across the supply chain.
    • Providing appropriate relief to contractors on the supply of labour, equipment, materials or services required to meet current contractual obligations.
  • These works will help keep Australians in work across the construction industry, from large-scale firms to small, locally-owned businesses.
  • The Government is committed to finding ways to bring forward Defence activities or additional works, to provide economic stimulus to the country, and support Australian industry during this difficult time. 

The Government is committed to finding ways to bring forward Defence activities or additional works, to provide economic stimulus to the country, and support Australian industry during this difficult time.

To view the full joint media release, click here.


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