House debates

Wednesday, 14 June 2006

Appropriation Bill (No. 1) 2006-2007

Consideration in Detail

5:07 pm

Photo of Bernie RipollBernie Ripoll (Oxley, Australian Labor Party, Shadow Parliamentary Secretary for Industry, Infrastructure and Industrial Relations) Share this | Hansard source

It is a disgraceful use of the consideration in detail stage when we get those dorothy dixers from government members to take up time and waste the opposition’s opportunity to actually do this properly. But I will take my chances. Can the minister outline what initiatives in the budget will improve the level of Australia’s business R&D, currently at half the levels of other OECD nations? Can the minister outline the recommendations contained in the Watson review of Australia’s venture capital industry? Will the Watson review be made public? If so, when? Does the minister believe that the $15 million allocated for the early stage venture capital limited partnership programs will be adequate to effect any substantive outcomes? Can the minister confirm that the third round of funding for the innovation investment fund will be available to new as well as existing funds?

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