House debates

Monday, 22 November 2021

Bills

Investment Funds Legislation Amendment Bill 2021; Second Reading

6:25 pm

Photo of Stephen JonesStephen Jones (Whitlam, Australian Labor Party, Shadow Assistant Treasurer) Share this | Hansard source

If the Prime Minister was going to tell the truth, he would be coming forward in this debate today and saying: 'I know that I promised that the disbursements from the Medical Research Future Fund would be $1 billion a year, and I have brought a bill to the House which is a backflip on that promise. The fund will now only disperse $650 million a year. I did not tell the truth. I misled the Australian people once again. I have treated the Australian people like I've treated the French president, because I am incapable of telling the truth, whether it's an international deal around submarines or the Medical Research Future Fund.'

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