Slade Brockman (WA, Liberal Party) Share this | Hansard source

I think it's fair to say that you haven't filled this chamber with confidence in your statement of the constitutionality of this bill. It is such a broad spending power that you are giving to an instrumentality of the Commonwealth government, under legislation that can spend money. It can invest in equity shares, make loans and give out grants, and it can do so across a broad sector of the economy. Minister, what controls are in place to ensure that this entity does not, for example, make all of its investment in one state or territory?