Senate debates

Thursday, 27 February 2020

Bills

Australian Business Growth Fund Bill 2019; In Committee

11:09 am

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

Apparently the proposal was in fact shared with COBA members. The issue of access to patient capital for small and medium enterprises was flagged in separate reports in 2018 from the Reserve Bank of Australia and also the Australian Small Business and Family Enterprise Ombudsman, who identified that there was a long-term patient equity capital market for SMEs absent in Australia.

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