Senate debates

Wednesday, 15 May 2024

Questions without Notice

Budget

3:05 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

Yes, I can answer that question, Senator Polley. The government welcomes foreign investment, especially in renewable energy. Our Future Made in Australia plan involves creating a new front door for foreign investors with major transformational investment proposals, making it even easier to invest here in Australia.

We're also delivering important changes to streamline and strengthen Australia's foreign investment framework. These changes deliver a stronger, faster and more transparent approach to foreign investment, helping attract the game-changing projects, jobs and capabilities that we need to build a future made in Australia. Attracting investment is also an important part of our ambition to become a renewable energy superpower. More investment in renewable projects means more national income and more well-paying local jobs for Australian workers.

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