Senate debates Bills

Australian Business Growth Fund Bill 2019; In Committee


Pauline Hanson

Pauline Hanson Queensland, Pauline Hanson's One Nation Party

11:14 am

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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