Registrations opened today for the Australian Government’s $3.4 billion Automotive Transformation Scheme (ATS), which will lift innovation in the motor vehicle industry by supporting investment in skills and R&D. The ATS replaces the Automotive Competitiveness and Investment Scheme (ACIS). It will run from 1 January 2011 to 31 December 2020 and include:
-capped assistance of $1.5 billion from 2011 to 2015;
-capped assistance of $1 billion from 2016 to 2020; and
-uncapped assistance estimated at $847 million