Senate debates

Wednesday, 20 November 2024

Questions without Notice

Banking and Financial Services

3:00 pm

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

There are two types of capital: debt and equity. Companies issue new equity all the time against income producing assets. Will the Treasurer, using Australia's sovereign equity in its untapped wealth, create an infrastructure bank to provide capital to state and federal governments to fund nation-building dams, roads, rails, ports and power stations, instead of using foreign debt?

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