Perin Davey (NSW, National Party, Shadow Minister for Water) Share this | Hansard source

The opposition will also be opposing these amendments. As pointed out by the minister, one of the core things that would make for the success of this bill is the ability for the fund to generate returns. I note the government have made quite the story about the fact that, since its inception, the Emergency Response Fund has generated $800-odd million of returns on the initial investment. They are returns that are now in the fund. They are not returns that have been squandered or used by the former government in any way, shape or form, and they now underpin the ability for this fund to generate further returns. I really do want that noted.

We also would not support anything that ties the hands of the Future Fund and its ability to invest following best practice and due diligence. On that basis, we will not be supporting these amendments.