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

Given it's two minutes before 5 am, I'm reading the room and I suspect people want me to be relatively brief! Labor supports the Corporate Collective Investment Vehicle Framework and Other Measures Bill. We'll be voting for it. It's a combination of minor measures and major measures, some which were promised some years ago and some which we've called for, including things like loss carry-back. So, from a Labor point of view, we'll be voting for it here and in the other place.

We've got views about how we boost business investment. The lack of business investment has been a big issue in the economy not just for the last couple of years but for much of the last decade. That's why we need to get things like cleaner and cheaper energy and a better NBN, and get the skills mix right with A Future Made in Australia, the National Reconstruction Fund and all of those other things. But there will be another time to make the case for those policies. In the interim, Labor will be supporting this bill.

Question agreed to.

Bill read a second time.

Message from the Governor-General recommending appropriation announced.