Senate debates Bills
National Reconstruction Fund Corporation Bill 2023; In Committee
Don Farrell SA, Australian Labor Party, Minister for Trade and Tourism
6:02 pm
I thank Senator Cash for her question. The corporation will be a commercial entity, generating a positive rate of return over time. Returns on investments will be available for future investment by the corporation, ensuring that the corporation can continue to provide targeted, transformative finance. Providing grants would erode the corporation's capital value over time and would undermine the corporation's ability to deliver returns.
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