Labor pledges to terminate half-a-billion-dollar Great Barrier Reef Foundation grant

This payment was a totally useless Turnbull brain fart that should never have happened.  Shorten is right to claw it back

Labor has vowed to strip the Great Barrier Reef Foundation of its half-a-billion-dollar grant if elected on May 18.

Labor added that it would redistribute that cash amongst public agencies, but is yet to detail specifics ahead of Opposition Leader Bill Shorten's first election-period Queensland visit this week.

Last August, a $443 million grant to the Great Barrier Reef Foundation by Malcolm Turnbull's government was criticised for lacking an open tender process, and for burdening an organisation that had six full time staff with a grant of such a size.

Labor wrote to the Great Barrier Reef Foundation at the time to warn them that if the party won government, it could withdraw from the existing contract.

But this marks the first time they have determined to rip up the agreement.

"Every dollar returned will be invested back in the reef and we will seek advice on the most effective way to allocate the funding," Mr Shorten said, adding that his government would consult with the Department of Environment on its reef strategy.

Mr Shorten mentioned peak science body CSIRO, the Great Barrier Reef Marine Park Authority and the Australian Institute of Marine Sciences as possible alternatives.

While the Great Barrier Reef Foundation has had all $443 million of the grant in its accounts for months, Labor environment spokesman Tony Burke has previously pointed to a contract clause that allows the agreement to be terminated if there was "a material change in Australian Government policy that is inconsistent with the continued operation of this agreement".

In the letter warning the foundation that funding could be withdrawn, Labor advised it not to spend a disproportionate amount before the election, noting that the funds were set aside for a six-year period.

SOURCE