House debates

Thursday, 21 February 2019


Export Finance and Insurance Corporation Amendment (Support for Infrastructure Financing) Bill 2019; Report from Federation Chamber

11:33 am

Photo of Mark CoultonMark Coulton (Parkes, Deputy-Speaker, Assistant Minister for Trade) Share this | Hansard source

I oppose this amendment brought to the House by the member for Melbourne. This bill to change the structure of Efic is largely based around this country's commitment to the Pacific, our neighbours, and giving Efic the ability to fund projects that enable our developing neighbours to improve their welfare and improve the economy of their nations and also provide a return to the Australian people. Efic is not a charity. Efic is a financial device that has returned a dividend to the Australian taxpayer.

But on the member for Melbourne's contribution: I know that if you're a climate warrior and you're taking the high moral ground from your ivory castle in the most altered suburb in Australia that the truth doesn't matter that much. There is nowhere in this bill about Efic funding Adani; not one bit. When the member for Melbourne comes in here it might be an idea if he just sticks to the truth and the facts, rather than trying to scare the pants off the Australian people with innuendo and untruths that have nothing to do with this bill.

He might also want to explain why, when he represents one of the most altered suburbs across Australia—in the centre of Melbourne—he wants to remove 58,000 jobs from regional Australia and why he doesn't think that people in regional Australia should have a chance to have some of the benefits and lifestyle that his constituents do in the capital cities. He might want to ponder on that, if he's going to take the high moral ground.

I strongly oppose this amendment. It's based on things that are not factual and it has nothing to do with this bill, which has bipartisan support—for obvious reasons. I oppose this amendment.


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