Aussie Icons Tim Tam and Four'N Twenty Receive Government Funding

The National Reconstruction Fund (NRF) invested $45 million in Arnott's, the maker of Tim Tams, and $36 million in Patties Foods, the maker of Four'N Twenty pies. The NRF is supposed to target a 2-3% return above the five-year Australian government bond rate. The investments are intended to support the development of market-leading enterprises in priority areas of the Australian economy, but critics argue that linking these investments to transformation and diversification seems tenuous.