Senate debates

Tuesday, 2 February 2010

Foreign Acquisitions and Takeovers Amendment Bill 2009

Second Reading

6:03 pm

Photo of Barnaby JoyceBarnaby Joyce (Queensland, National Party, Shadow Minister for Finance and Debt Reduction) Share this | Hansard source

The coalition will not be supporting the second reading amendment that has been moved in relation to the Foreign Acquisitions and Takeovers Amendment Bill 2009. To be quite honest, there are issues with it which I am personally favourably inclined towards, but in this new wonderful world being in shadow cabinet means that my decision is not the decision that matters. There is a wider aspect to this. There are other areas which have been brought to light, especially in regard to the free trade agreements that have to be considered. So, although there are sections of it which I am fundamentally sympathetic to and I acknowledge the work done by Senators Xenophon and Ludlam in putting it together, I will be completely truthful with you and say that, on the wider aspect of the decision by the coalition, this amendment will not be supported.

Question put:

That the amendment (Senator Xenophon’s and Senator Ludlam’s) be agreed to.


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