Madeleine King (Brand, Australian Labor Party, Minister for Northern Australia) Share this | Hansard source

We have financed seven important resources projects under the NAIF and more under the CMF. The seven resources projects will create more than 7,000 jobs in resources, which is more than double what the opposition managed to do with the NAIF when they were in government, and the total value of those seven resources projects is $13 billion, which is more than quadruple the support those opposite ever provided to the sector via the NAIF.

What those opposite are doing is worse than nothing. By standing in the way of production tax credits, they are standing in the way of jobs in their communities. It beggars belief that those opposite have absolutely no problem with government loans that necessarily assume a higher risk because of the challenges, but they oppose industry led policy that is no risk because it provides investment incentives and is paid out only on success. These economic dunderheads on the other side of the House want to break up Qantas and Jetstar. They want to boycott Woolies. They want government owned and run nuclear power plants, but they won't back industry led production tax credits for a critical minerals processing sector.

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