Jim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

As the honourable member for Goldstein is aware, the PsiQuantum investment predates the regime that we're seeking to legislate here, but that doesn't mean that there has been an absence of rigour. There has been an abundance of rigour when it comes to that investment of $470 million—a combination of different kinds of investments—in PsiQuantum, and that's because quantum computing is an absolutely essential part of the future economy, and we want to make sure that Australia is part of that. As the honourable member rightly identifies in her question, there is an economic element to it but also an element around national security and resilience. In the future economy, quantum computing will play a very big role, and we want Australia to play a role in that as well.

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