Senate debates

Tuesday, 16 June 2009

Australian Business Investment Partnership Bill 2009; Australian Business Investment Partnership (Consequential Amendment) Bill 2009

In Committee

5:26 pm

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

The government will support this amendment, Senator Fielding, and thank you for your discussions and contribution in this area. As Senator Conroy indicated, the government will reluctantly support the amendment. Imposing a time limit on ABIP’s financial arrangements does have a certain appeal, in that it mandates an absolute end date for the finance ABIP can provide. However, it will limit the flexibility the company will have to operate in the market. Nevertheless, we support your amendment.

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