Robert Oakeshott (Lyne, Independent) Share this | Link to this | Hansard source

asked the Treasurer, in writing, on 3 March 2011-04-27:

Following reports that the family of Colonel Muammar Al-Qaddafi has been a regular visitor to Australia and invested widely within Australia, can the Treasurer outline what steps are being taken to determine the extent of these investments and their legitimacy.

Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Link to this | Hansard source

The answer to the honourable member’s question is as follows:

The Australian Government has acted swiftly to implement financial sanctions against individuals and entities of the Libyan Regime as part of United Nations sanctions and Australian autonomous sanctions. The Minister for Foreign Affairs is responsible for leading the Government's implementation of these sanctions.

At the request of the Minister for Foreign Affairs, I asked Treasury to conduct an exhaustive review of the foreign investment proposal data for possible acquisitions of Australian assets by those subject to the sanctions, and to continue to monitor the situation. The results of this search have been provided to the Minister for Foreign Affairs.