Senate debates

Thursday, 27 February 2020

Bills

Australian Business Growth Fund Bill 2019; In Committee

1:18 pm

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

During the committee hearing, I asked Treasury officials for some understanding of what due diligence had been done, noting these banks normally don't conduct these sorts of activities. They conceded that, in principle, the banks will be starting from scratch. This is not something they normally do. What processes are going to be put in place to train people so that we end up with skilled people managing and looking after the fund?

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