Senate debates

Thursday, 11 June 2020

Questions without Notice

COVID-19: Economy

2:36 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

In relation to foreign investment, you would be aware that the Treasurer has put in place some temporary measures to ensure that Australian businesses dealing with the consequences and the impact of the coronavirus crisis are protected as appropriate in the context of any attempted foreign takeover. But in a broader sense we are of course focused on doing everything we can to maximise the strength of the economic recovery on the other side. And let me also say that on the other side, in order to maximise the strength of the economic recovery, we will need to rely on foreign investment into the future to maximise our economic growth opportunities into the future.

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