Senate debates

Tuesday, 28 March 2023

Questions without Notice

Foreign Investment

2:50 pm

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

I thank Senator Polley for her first supplementary question. The Albanese Labor government knows that the international investors crave certainty. But, unfortunately, after a decade of Liberal National government, that's the last thing international investors got. Instead of a government that they could trust, they got a decade of infighting and political divisions which prevented any meaningful action on important matters impacting investment, like a plan to tackle climate change.

Thankfully, our government is taking a responsible approach to policy that delivers what investors need most—certainty and stability. We've ended the climate wars by charting a sensible path to net zero through our safeguard legislation. This gives international businesses a clear and predictable framework to invest in the renewable industries of the future. (Time expired)

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