House debates

Thursday, 16 February 2023

Bills

National Reconstruction Fund Corporation Bill 2022; Second Reading

12:58 pm

Photo of Peter KhalilPeter Khalil (Wills, Australian Labor Party) Share this | Hansard source

I might commence my remarks on the National Reconstruction Fund Corporation Bill 2022 by gently reminding the member for Hinkler. He almost got there. He said '$5 billion' and then '$10 billion'. He just didn't get to the 'equals' part. I remember from doing maths in grade 6 that five plus 10 equals 15. I could provide the member for Hinkler with an abacus if it assists him, but five plus 10 in our universe is 15, and the Albanese Labor government's $15 billion National Reconstruction Fund will transform Australian industry. It will create secure local jobs, and it's going to bring manufacturing back home. This is going to leverage Australia's natural strengths, support the development of strategically important industries and protect Australia's supply chains.

The member for Hinkler was talking about all the different critical areas that this would invest in.

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