Submarines decision not due until 2013

A key decision on whether Australia will buy next-generation submarines won't be made until late 2013 or early 2014.

Defence Minister Stephen Smith has confirmed 2025 remains the nominal retirement date for the navy's six Collins submarines, although the potential to extend their working life was being looked at.

Mr Smith said funding options for the new vessels were being developed and had yet to be considered by the government.

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