Senate debates

Thursday, 27 February 2020

Bills

Australian Business Growth Fund Bill 2019; In Committee

12:41 pm

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology) Share this | Hansard source

The investment is in a private company, and there are a number of other shareholders, so the administrative costs of running that private company will be worked out with the shareholders. The investment mandate will be worked out with the shareholders—that's happening at the moment—as will the division of profits from the fund between the shareholders.

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