Senate debates

Wednesday, 6 September 2017

Bills

Export Finance and Insurance Corporation Amendment (Support for Commonwealth Entities) Bill 2017; In Committee

10:40 am

Photo of Arthur SinodinosArthur Sinodinos (NSW, Liberal Party, Minister for Industry, Innovation and Science) Share this | Hansard source

In the interests of natural justice for the person you've named, I will find out the exact circumstances in which she resigned and provide that to you. Again, I make the point that we're here today to deal with a forward-looking set of propositions to help Efic do its job even better in the future. The reality is that Efic has policies in place to manage these conflicts. Efic needs to exist because overseas bodies exist in this space—export credit agencies. We often hear complaints from Australian companies that they want assistance from the Australian government to be able to compete against overseas suppliers, who get the support of their governments on major contracts. The main benefit would come back to Australia in terms of contracts and orders.

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