Senate debates Bills
Australian Business Growth Fund Bill 2019; In Committee
Jane Hume Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology
1:52 pm
My understanding is that, in the UK model, the government has shareholdings in the banks and the banks are the ones that put the fund together. The Australian Commonwealth doesn't have shares in the banks, so this is a different structure that's entirely unique to Australia.
No comments