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Thursday, 12 December 2002
Page: 7875


Senator TROETH (Parliamentary Secretary to the Minister for Agriculture, Fisheries and Forestry) (1:07 PM) — The Taxation Laws Amendment (Venture Capital) Bill 2002 and the Venture Capital Bill 2002 are extremely important to Australia in realising the potential for increased foreign investment in innovative Australian projects. The measures deliver a world's best practice venture capital investment vehicle for venture capitalists and improve Australia's access to overseas expertise. I commend the bills to the Senate.

Question agreed to.

Bills read a second time.