Senate debates

Tuesday, 28 March 2023

Bills

National Reconstruction Fund Corporation Bill 2023; In Committee

6:02 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 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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