It will support, diversify and transform Australia's industry and economy, helping to create secure, well-paid jobs, securing future prosperity, and driving sustainable economic growth.
The National Reconstruction Fund stems across seven priority areas of the economy: renewables and low emission technologies; medical science; transport; value-add in agriculture, forestry and fisheries; value-add in resources; defence capability; and enabling capabilities.
It's about revitalising Australian manufacturing and Australian jobs whilst stopping our vulnerability to global supply chain issues, which were highlighted by the pandemic.
The Federal Labor Government now hopes to secure support from crossbenchers and senators to see this important legislation pass in parliament.
Quotes Attributable to Member for Bendigo, Lisa Chesters
“The National Reconstruction Fund will play a key part in ensuring Australia is a country that makes things and provides a huge opportunity for Central Victoria.
“Our region has a proud manufacturing sector, which would only be strengthened from investment through this fund.
“I have spoken to local manufacturers who are keen to expand and create more local jobs. This fund could be an avenue to help them achieve this goal.
“The Liberal’s decision to block this legislation is so disappointing and proves just how out of touch they are with regional Victoria and our capability to build things locally.
“The National Reconstruction Fund will help create secure local jobs, boost sovereign capability and diversify our nation’s industry and economy.
“It’s about making more things here - it's that simple.
“It is a no-brainer and should have bi-partisan support.”