Media Releases → 2020

MEDIA RELEASE

Advances to the Finance Minister in the week ending Friday 28 August 2020

Senator the Hon. Mathias Cormann
Minister for Finance
Leader of the Government in the Senate
Senator for Western Australia

Date: Friday, 28 August 2020

This week I made $230.1 million in additional funding available to support the Government’s response to the COVID 19 pandemic by using the Advance to the Finance Minister (the AFM).

The determination provided $230.1 million to the Australian Trade and Investment Commission to extend the International Freight Assistance Mechanism (IFAM) to 31 December 2020.  The IFAM supports exporters of premium and perishable agricultural produce by underwriting domestic and international airfreight connectivity. 

The determination was made from the AFM that was appropriated by the Parliament in Supply Act (No. 1) 2020-2021.

The determination was signed on 24 August 2020.

This determination was registered on the Federal Register of Legislation, together with an Explanatory Statement (these are available at legislation.gov.au).

[ENDS]

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