Senate debates

Monday, 23 November 2015

Bills

Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015; In Committee

9:25 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

The government understands and acknowledges the amendments being put forward by Senator Day. They do go beyond the scope, though, of the overall bill. Whilst the government cannot agree to the amendments as stated, Senator Day's intentions are noted, and the government will more than happily engage with Senator Day down the track, bearing in mind that there will be full public consultation on the establishment of this register. That is not within two years, as Senator Day indicated. The intention would be for that register of foreign ownership of water entitlements to be established within 12 months.

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