Senate debates

Wednesday, 6 September 2017

Bills

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

10:42 am

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

The point I would make is this: Efic is a learning organisation. When it has done things in the past, it's gone back to review them to work out what has worked and what hasn't worked, and we go from there. This particular bill, and what it does here, in part reflects those sorts of lessons from previous experience. Some of the examples you throw up are examples where the evidence may well be contested and the conclusions may be contested. It's important for us to understand that you or I may have a particular view about the role of Efic in a particular resource project, because we may have a view about that particular resource, but that should not cloud whether we therefore have a positive view about whether Efic is operating in an appropriate way in dealing with the matter.

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