The federal government has announced the first recipient of taxpayer investment under the National Reconstruction Fund, with 'a dozen' more announcements promised before the election.
The federal government has announced Queensland-based mining equipment firm Russell Mineral Equipment is the first recipient of taxpayer investment under the National Reconstruction Fund .Industry Minister Ed Husic says "a dozen' more NRF funding announcements will be made before the next federal election.
Industry Minister Ed Husic told the ABC this was the first of what would be "a dozen" funding announcements from the NRF in the months before the federal election. The federal govenrment's Industry Minister Ed Husic says "a dozen" National Reconstruction Fund announcements will be made before the next election.
RME executive chairman John Russell said the investment would ensure the business "remains an Australian-owned and operated company based in Queensland".Anthony Albanese's set-piece policy announcement on Thursday was not short on ambition, but for now was mostly a re-announcement. What are the prospects of his future made in Australia?
Mr Husic said the NRF was set up as an independent body to keep investment decisions at arm's length from the government. Deputy Opposition leader Sussan Ley said the government's promise to save Australian manufacturing had been broken.
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