The National Reconstruction Fund is one step closer, passing the lower house in the previous sitting week.
It will establish a $15 billion fund to invest in seven priority investment areas:
Value-add in resources
Value-add in the agriculture, forestry, and fisheries sectors
Transport
Medical science
Renewables and low emission technologies
Defence capability
Enabling capability like quantum, robotics and AI
This will be the largest peacetime investment in Australian manufacturing and will create well-paying jobs all across the country and improve our self-reliance.
Its good for Australians and good for the economy.