Senate debates

Thursday, 27 February 2020

Bills

Australian Business Growth Fund Bill 2019; In Committee

1:31 pm

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

Thank you, Senator Hanson. There is absolutely no evidence that there will be crowding out of the equity market. In fact, I'm surprised at your line of questioning, because I genuinely thought that your party in particular would be delighted if there were an investment by Australia in the Australian Business Growth Fund, because that would result in increased Australian ownership of what might otherwise end up as a foreign owned business. This is like buying back the farm. This is a good thing for Australian businesses.

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