Export Finance Australia

Um, yeah-

And just to let people know, uh, Export Finance Australia, um, EFA, is Australia's export credit agency.

It's trying to deploy, um, Australian companies overseas, but more frequently now, it's also investing domestically in Australian companies to help them, uh, get ahead.

So sorry, Jenna, keep going.

It, um, it needed really patient capital from Japan.

So that's why equity powers are really important, particularly for this industry.

Um, and so lots of different, um, institutions such as Export Finance Australia, um, uh, there's, its, institutions in the US that also use, um, equity.

Um, and now JBIC can also do subordinate.

Well, partly it's investing in great companies and learn as we go, because the reality is this is forming in front of our eyes.

The reason why we're working with National Construction Funds, CFC Arena, and Export Finance Australia, and international...

Look at some of the investors.

Wallamai is doing predominantly debt.

This is the other story that will develop today because we're told that approvals for gas, coal and crude oil projects would be fast-tracked in a proposal the Coalition argues would save struggling industrial manufacturing following a spate of government bailouts of smelters and the Wyala Steelworks.

The proposed legislation would allow Export Finance Australia to invest in and therefore save projects that were of national significance or linked to sovereign capability.

It would also reverse rules that prevent the government agency from directly financing projects which extract coal, crude oil or natural gas.

Now, the Coalition is set to introduce this bill today, though the chances of it passing are next to none given that the government doesn't support private members' bills.

Yeah.

So back then it was called EFIC.

Now they're called EFA.

Right.