Jerome Laxale (Bennelong, Australian Labor Party) Share this | Hansard source

I'd love to inform the House that the National Reconstruction Fund, established by the Albanese Labor government, has announced that it's making a $200 million hybrid note investment into Macquarie Technology Group. Macquarie Technology Group is a 100-per-cent-Australian-owned startup company that has been around for a while and has a significant footprint in Bennelong. It provides sovereign cloud cybersecurity services and AI infrastructure for mid to large Australian businesses, critical infrastructure sectors and, importantly, government agencies. This investment by the NRF will support the secure protection of sensitive data and ensure that it remains safely in Australia, exactly where it should be.

This huge investment has a big impact for everyday Australians—not just for our personal data, but for workers too. The NRF's investment is set to create 140 really highly-skilled job opportunities with Macquarie technology that specialise in innovation and software engineering. This investment will mean that Macquarie technology can scale up its services in Bennelong to platform crucial growth in AI-enabled cybersecurity and build out a sovereign data facility.

Australian companies need local cybersecurity capability to compete and win on the global stage. It's because of the Labor government that they can do it.

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