The Australian Trade Commission (Austrade) is the Australian Government's trade, investment and international education promotion agency.
Austrade assists Australian enterprises to increase international business, attracts productive foreign direct investment into Australia and promotes Australia's education and training sector internationally. Austrade also has consular management responsibilities in a number of international locations and provides consular and passport services, travel advice, contingency planning and crisis response in those areas.
The Hon Dr Craig Emerson MP held the position of Minister for Trade for the duration of the reporting period. In March 2012, Dr Emerson's responsibilities were expanded and he became the Minister for Trade and Competitiveness. For consistency, Dr Emerson is referred to as the Minister for Trade and Competitiveness throughout this report.
The Hon Justine Elliot MP held the position of Parliamentary Secretary for Trade for the duration of the reporting period.
|Administered financial performance|
|Departmental capital budget||14.2||15.3||18.5|
|Export Market Development Grants scheme||211.2||145.4||135.1||150.4|
Note: The Export Market Development Grants scheme expended $141.9 million appropriated on grants and administration in 2011–12. The amounts shown in the table reflect the accrual position in each year. For further information on Austrade's financial performance, see page 125.
At 30 June 2012, Austrade employed 985 staff, 76 per cent of whom were employed in overseas locations and client-focused operations in Australia.