Senate debates

Thursday, 27 February 2020


Australian Business Growth Fund Bill 2019; In Committee

1:35 pm

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology) Share this | Hansard source

All I can say to you, Senator Whish-Wilson, is the same that I have already said to Senator Hanson—that is, we will abide by our free trade agreements, and the development of the Business Growth Fund is not contrary to that obligation. This bill is about facilitating a fund that will invest in Australian businesses and those Australian businesses will be allowed to grow, to reinvest in their own businesses, and to employ with confidence that they have that long-term patient capital. That is why we're doing this—for no other nefarious reason. This is a good bill, and I would urge you all, despite your objections in the Senate today, to support it for that reason. It is a good bill for all Australians.


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