Dean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

Senator Bragg and I have a number of questions for the government. I want to focus on the impact on investment. Senator Bragg may go to some questions around costings. We'll start with Shaw and Partners financial services, which submitted to the Senate Economics Legislation Committee. That submission said:

It appears the legislation as it is currently drafted will unintentionally catch many situations of legitimate company operation and could accordingly delay or discourage the normal processes of capital raising, investment, and economic growth within Australia.

My first question goes to whether the Treasury has modelled the impact of this bill on investment in Australia.