Senate debates Bills

Australian Business Growth Fund Bill 2019; In Committee


Jane Hume

Jane Hume Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology

11:29 am

The RBA report didn't specifically recommend a business growth fund. The business growth fund is modelled on similar funds that are set up in the UK and in Canada. In both of those countries, the government played a critical role in getting those business growth funds off the ground. The RBA report specifically identified a gap in long-term patient equity market capital in Australia.

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