Josh Frydenberg (Kooyong, Liberal Party, Minister for the Environment and Energy) Share this | Hansard source

Well, that fundraising expertise must have been the reason the Labor Party welcomed the announcement of half a billion dollars when we did it—thanks to the member for Sydney. That fundraising expertise must be the reason the member for Watson gave $12½ million when he was last in government. That must be the reason the member for Grayndler has called the foundation a reputable organisation. Always rely on the member for Grayndler for a timely intervention!

As I have told the House previously, there was due diligence conducted by my department. In the first phase of due diligence they looked at its governance, its structure, its constitution, its project management, its fundraising history, its capacity for growth, its board composition and its science expertise. In the second phase of due diligence, which then informed their final recommendation to me, which I signed off on 20 June under section 71 of the Public Governance, Performance and Accountability Act—

Mr Dreyfus interjecting—

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