Senate debates

Thursday, 27 February 2020

Bills

Australian Business Growth Fund Bill 2019; In Committee

11:14 am

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

Minister, there is growing concern from the Australian people that our industries and manufacturing businesses are being bought out by foreign investment. This bill states, as the Treasurer said in his speech on the floor of parliament on 5 December:

Established Australian businesses will be eligible for long-term equity capital investments between $5 million and $15 million.

Minister, is it in the bill that they have to be Australian businesses—Australian owned businesses?

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