Senate debates

Thursday, 12 September 2024

Bills

Future Made in Australia Bill 2024, Future Made in Australia (Omnibus Amendments No. 1) Bill 2024; Second Reading

1:10 pm

Photo of Paul ScarrPaul Scarr (Queensland, Liberal Party, Shadow Assistant Minister for Multicultural Engagement) Share this | Hansard source

I think this legislation, the Future Made in Australia Bill 2024 and the Future Made in Australia (Omnibus Amendments No. 1) Bill 2024, is an absolute train wreck. I ask those listening to this debate this question: do you believe that, if there's a business in this country that can't find private shareholders and investors who are prepared to put their money into it, or that cannot find a lender—a bank or someone who provides debt finance—who's prepared to lend it money, the government should invest your taxpayer dollars, which you work hard for, in that business? Do you think that's a good idea? Do you think that's sustainable? If these businesses can't find equity capital contributed by the private sector or if they can't find banks prepared to lend to them, why should your taxpayer dollars go into financing those businesses? Why?

This is what I believe—

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