Automotive Transformation Scheme
The Automotive Transformation Scheme (ATS) is a $3.347 billion program which ceases in December 2020.
The Automotive Transformation Scheme (ATS) is the Government’s centre piece of the New Car Plan for a Greener Future. ATS aims to encourage innovation and competitive investment by the Australian automotive industry to achieve an economically sustainable automotive manufacturing industry in Australia. What are the benefits? ATS has two stages; Stage 1—1 January 2011 to 31 December 2015, capped assistance of $1.5 billion. Stage 2—1 January 2016 to 31 December 2020 capped assistance $1 billion. Participants will be entitled to receive quarterly cash payments for 50% of the value of investment in R&D, 15% of the value of investment in eligible in Plant and Equipment.
Who is eligible?
- Motor Vehicle Producers (MVP) in Australia of at least 30,000 vehicles or engines annually.
- Automotive Component Producers (ACP) manufacturing at least one type of automotive component for use as original equipment in at least 30,000 vehicles or engines where the production value is at least $500,000 OR where the original equipment comprises at least 50% of all automotive components produced and the production value is at least $500,000.
- Automotive Machine Tool Producer (AMTP) producing at least $500,000 annually where at least 50% of the value is for tooling used to produce original equipment.
- Automotive Service Provider (ASP) providing at least $500,000 of automotive services annually, related to the production of vehicles or original equipment.
THE TCF WAY: The TCF Services Automotive Division is a leader in hands on delivery and maximisation of Commonwealth funded industry assistance programs. TCF Services design and implement compliant and sustainable education, training and management programs to maximise their clients returns and minimise the fuss of involvement with major industry assistance programs. Our methodology is customised to meet our client’s unique requirements at the individual, team and organisational level. The TCF Way is our culture of combining knowledge and experience with the highest quality of service, delivering value in benefits received to our clients participating in ATS.
For more information, please call or email: David Tonkin Lee-Ming Au (MELB) email@example.com firstname.lastname@example.org at TCF Services on (02) 8219 4900