Senate debates

Thursday, 21 November 2024

Questions without Notice

Future Fund

2:04 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

I'm happy to answer the question, Senator Hume, and I wonder if you've actually read what was released today. The finance minister and the Treasurer have been very clear about a new investment mandate. It is clear that the fund is still about maximising returns, but these important national priorities will be part of their investment considerations. That is not a difficult proposition. It appears to be so for the opposition, though, who are allergic to investments that might actually drive national priorities, such as residential housing and infrastructure that increases our economic and national security resilience. One would have thought that these were things that would have had bipartisan support, but we know that the opposition will always want to play the game of aggression and opposition and not actually deal with the proposition on the table. (Time expired)

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