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December 19, 2016

Gippsland MP Darren Chester has welcomed the decision not to proceed with the sale of the ASIC Business Registry, with 235 jobs remaining in Traralgon.

Mr Chester has campaigned to keep the jobs in the Latrobe Valley since a scoping study into a potential sale of the ASIC registry was announced in 2014.

“Retaining the ASIC registry jobs in the Latrobe Valley was always my number one commitment as part of the market-testing process by the Department of Finance,” Mr Chester said.

“We have an experienced ASIC workforce in Traralgon that is deeply entrenched in the local community. They make an important social and economic contribution to our region.

“This announcement is welcomed at a time when we should be looking to attract more highly-skilled jobs to the Latrobe Valley through decentralisation.

“Today’s announcement shows that keeping the ASIC registry in public hands was not only in the Latrobe Valley’s best interests, it was also in the nation’s best interests.”

Mr Chester thanked the ASIC workers for their patience and feedback during the competitive tender process.

“I was fortunate to meet with the ASIC business workers and their union representatives in Traralgon many times during the market-testing phase,” Mr Chester said.

“It was their strong preference to keep their jobs in the Latrobe Valley. I was pleased to lobby on their behalf within government.

“I’d also like to recognise the efforts of Member for Morwell Russell Northe, and Latrobe City Council, for their help to keep these jobs in Traralgon.”

The reason the Government decided not to proceed with the commercialisation of the ASIC Registry is that the final bids received did not deliver a net financial benefit for the Commonwealth.


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