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

I think the hypothetical you've given us there—and it is a hypothetical; there is no other way of looking at it—would be something that would be considered by the fund at the time. But it's certainly not the intention of the fund. The intention of the fund is to invest in Australian owned, Australian operated, Australian incorporated businesses, because that's what is best for Australia. That's why we're doing it.

I think that, yes, there might be some complicated arrangements that are presented to the committee that is deciding which companies are going to be eligible, but that would certainly come under its radar. It would certainly be part of the consideration. If it had complicated taxation arrangements, I would imagine it would reduce that company's eligibility to be invested in by the fund. To some extent you're going to have to understand that everybody—all the shareholders that are part of this fund—will have a vested interest in seeing Australian incorporated, Australian operated, Australian owned companies do well from this investment.