House debates

Thursday, 10 October 2024

Questions without Notice

Business Investment

2:16 pm

Photo of Allegra SpenderAllegra Spender (Wentworth, Independent) Share this | Hansard source

My question is for the Treasurer. e61 research has shown that young, innovative firms drive productivity, yet Australia's early-stage investment per capita is roughly a third of the US's and a bit over half of the UK's. I'm concerned we aren't going to close this gap. We know that large super funds have halved their allocation to venture capital over the last ten years, and the taxation of unrealised gains is going to make it harder for those investments from super. So how will the government drive private capital towards the most innovative businesses that can drive Australia's next productivity boom?

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