Michaelia Cash (WA, Liberal Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

The business investment numbers for the June quarter showed that business investment was actually up by 4.4 per cent. Importantly, non-mining investment was up by six per cent, and it's up by 15 per cent for the year. This is the strongest growth in non-mining investment in more than 13 years. That is a good thing for this sector. The significant increase is a result of our government's measures to incentivise businesses, even during these challenging times, to, again, invest back into themselves through the immediate expensing measure.

If you look at order books across Australia, they're actually filling up. Again, that is a good thing for those businesses who have that capacity to invest. They're replacing old equipment with new equipment, utilising the government's policies. This assists in their efficiency and ultimately their productivity. (Time expired)