Senate debates

Wednesday, 14 March 2012

Questions without Notice

Foreign Investment

2:49 pm

Photo of Nick XenophonNick Xenophon (SA, Independent) Share this | Hansard source

Mr President, I have supplementary question. In relation to the government's understanding of the rules that apply to Australian designated international airlines, does the government consider the beneficial ownership of a holding company and does it flow down under the control provisions to its associated entities including subsidiaries? Wouldn't such a corporate restructure by Virgin Australia act to increase the overall level of foreign investment in the various parts of its consolidated business group?

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