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

The government will oppose Centre Alliance amendment (1) on sheet 8896, because the definition of a small to medium Australian enterprise will be established as the investment mandate, and that will be finalised with shareholders over the next few months. The investment mandate will also be made public. The establishment of the fund will be open-ended, so it won't have a defined termination date. And of course if it's very successful it could continue for many, many years. Setting a threshold in the legislation, while it sounds like it makes sense today, would become an inhibitor in the future.