Senate debates

Thursday, 27 February 2020


Australian Business Growth Fund Bill 2019; In Committee

1:16 pm

Photo of Rex PatrickRex Patrick (SA, Centre Alliance) Share this | Hansard source

I'm sorry if I didn't ask this clearly enough. Once it's defined, as a first instance—and noting the government have not got control over this; they're a 19 per cent shareholder—what prevents the banks holding a meeting and resolving to lift the threshold to companies that have a turnover of less than $500 million or some other number? It's about what protections and controls are in place.


No comments