Senate debates Bills

National Reconstruction Fund Corporation Bill 2023; In Committee


Jane Hume

Jane Hume Victoria, Liberal Party, Shadow Minister for the Public Service

5:54 pm

Minister, I quote from the IMF's staff report on the report of Australia's article IV consultation around the inflationary risks that currently exist in Australia from the IMF point of view. It says that implementation of below-the-line 'activity through newly created investment vehicles (National Reconstruction Fund, Rewiring the Nation, and Housing Australia Future Fund) should … be phased judiciously, and, more broadly, a proliferation of such vehicles should be avoided'. Do you agree with that statement?

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