Senate debates

Tuesday, 28 March 2023

Bills

National Reconstruction Fund Corporation Bill 2023; In Committee

5:59 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

I thank Senator Cash for her question. The NRF is first and foremost a manufacturing fund. It is designed to grow our capacity and our capabilities to ensure Australia can once again be a country that makes things. It was never intended to fund the extraction of minerals in any form. It was never intended to log timber in any form, so, when the Greens asked us to confirm that by including it in the legislation, we were happy to put it in.

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