Senate debates

Tuesday, 12 September 2023

Bills

Housing Australia Future Fund Bill 2023, National Housing Supply and Affordability Council Bill 2023, Treasury Laws Amendment (Housing Measures No. 1) Bill 2023; Second Reading

1:29 pm

Photo of Gerard RennickGerard Rennick (Queensland, Liberal Party) Share this | Hansard source

I feel like I'm in a Hunter S Thompson movie here, Fear and Loathing in Las Vegas, where I'm riding shotgun and popping Quaaludes on my way to gamble in Las Vegas, because that is what this bill is. The Labor Party wants to borrow $10 billion, invest it on the stock market, and then hope to make a return. How on earth are you going to generate a return when you have rising interest rates, rising oil prices? Let's just say, by the time—

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