Trade and Investment Growth Committee wants to hear from small businesses

THE Joint Standing Committee on Trade and Investment Growth recently commenced an Inquiry into the prudential regulation of investment in Australia’s export industries. 

The inquiry is investigating the potential impact of changes in practices by banks, insurers and superannuation funds, as well as the advice and guidance provided by financial regulators, on the investment opportunities for Australian exporters.

Committee Chair, George Christensen MP, said the committee was particularly interested in hearing from businesses that have experienced difficulty in sourcing funding or insurance for their export businesses.

‘It is vital that the committee hear how changes in practices or guidance from financial institutions and regulators may impact on Australia’s exporting businesses, in sectors such as resources, agriculture and services. Businesses should be reassured that they can make a submission confidentially, and we can also arrange for hearings to be held in private."

Submissions from interested individuals, businesses and organisations are invited by Friday, April 30, 2021. Requests can be made for a submission to be kept confidential, or to be published with a name withheld if required.

More information about the inquiry, including the full terms of reference and further details on how to lodge a submission, is available on the committee’s webpage. The preferred method of receiving submissions is by electronic format lodged online using a My Parliament account.

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