Senate debates

Thursday, 27 February 2020

Bills

Australian Business Growth Fund Bill 2019; In Committee

12:43 pm

Photo of Pauline HansonPauline Hanson (Queensland, Pauline Hanson's One Nation Party) Share this | Hansard source

I have raised this issue here, and I wanted a guarantee from the government: would it only be for Australian majority owned companies? Australians are fed up with foreign investors in Australia that don't pay their taxes here. You're setting up a fund of $100 million of Australian taxpayer funds to prop up businesses and companies, and you're not prepared to give a guarantee that they must be majority Australian owned. I'll go back to the question that Senator Whish-Wilson raised about the ISDS. For the people who are listening in the gallery, that's interstate dispute settlement. That is under free trade agreements. If multinational companies have a loss of profits, they can sue the Australian governments for that loss of profits—or not the government but the taxpayer. So under this—it was a legitimate question—where does it fit into in this agreement that you are reluctant to make it Australian owned companies because it could interfere with our free trade agreements under the ISDS?

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