Senate debates

Thursday, 19 June 2008

Wheat Export Marketing Bill 2008; Wheat Export Marketing (Repeal and Consequential Amendments) Bill 2008

In Committee

7:49 pm

Photo of Barnaby JoyceBarnaby Joyce (Queensland, National Party) Share this | Hansard source

So your statement, Minister, is that there was no security in the past—though you acknowledge that there was forwarding of funds—and therefore there will be no security in the future. You premise your answer around the liquidity process that would be part of the accreditation process under the WEA. I pose the question: will that liquidity process be affected if the new accredited exporter has an incapacity to export their wheat because of the inability to get access to a port because they are being dragged through the courts by reason of an elongated process, trying to find resolution through the ACCC? Do you not acknowledge that that could affect, even at an initial stage, the liquidity of any accredited exporter unless you get that accredited exporter to come into the WEA office with a signed-off access regime on commercial terms?

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