Senate debates

Tuesday, 28 March 2023

Questions without Notice

Foreign Investment

2:52 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 second supplementary question. We're providing Australian industry and the economy with a stable ambitious policy environment for investment in the decarbonisation of our domestic industries. Yesterday's announcement by the Prime Minister and the energy minister was welcomed by the Business Council of Australia and the Australian Industry Group, because they know our safeguard mechanism policy will help us attract game-changing investment into the future.

Beyond providing certainty on emissions, we are providing certainty on government investment in the industries of the future through the $15 billion National Reconstruction Fund. If senators in this place are serious about attracting international investment in the industries of the future, I encourage them to support our legislation for a stronger safeguard mechanism and the National Reconstruction Fund.

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