33042 (2026). Steve Abel to the Minister for Economic Growth

33042 (2026). Steve Abel to the Minister for Economic Growth: What conditions, if any, will require Fletcher Building to repay the $60 million grant if it does not deliver its committed $150 million investment?

Hon Nicola Willis: The Funding Agreement with Golden Bay Cement includes several clawback provisions that set out the circumstances when funding can be recovered. These include where funding is misspent, unspent or no longer committed; the investment programme is abandoned, or GBC reduces its investment commitment below $150 million; domestic cement manufacturing ceases before 31 December 2040; employment falls by more than 10% and reasonable mitigation is not demonstrated and regulatory or market changes mean funding support is no longer needed.