Christopher Pyne (Sturt, Liberal Party, Leader of the House) Share this | Hansard source

I thank the member for Chisholm for her question. As the member for Chisolm well knows, the Turnbull government's support for defence industry extends right through to research and development, for example, through the Defence Innovation Hub. In January I announced grants of about $13½ million to five different companies through the Defence Innovation Hub. One of those was Daronmont Technologies, in the member for Chisholm's electorate, which received $8 million to help create a prototype radar capability for the Australian Defence Force.

The government is supporting defence industry in many different ways, one of which is research and development. We're also supporting defence industries in Australia through things like corporate tax cuts—by lowering the company tax rate in order to give businesses the chance to invest in their own businesses, to create jobs, to create growth and to create higher wages. One economic guru, back in 2012, said:

As Australia is buffeted by the economic affairs overseas, we understand that lowering corporate tax assists the creation of jobs. And what can be more important in this country than the creation of jobs?

Does that sound familiar, Bill?

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