Senate debates Bills

Australian Business Growth Fund Bill 2019; In Committee


Pauline Hanson

Pauline Hanson Queensland, Pauline Hanson's One Nation Party

11:44 am

Just to talk on this issue: banks are reluctant to give businesses loans in the state of the economy, but here we have the banks wanting to give $400 million to put into this bill to give loans to businesses. What deal has been done with the government? What are they going to get in return for their money? It doesn't state here what the rate of return is, so I'd like to know why banks are getting involved in this with the government to prop up businesses in the country, when, if a business goes to them, they are reluctant to loan them the money.

Progress reported.

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