Senate debates

Tuesday, 17 September 2019

Questions without Notice

Trade with China

2:27 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) | Hansard source

The first point I would make in relation to the broader issue is that the government is aware of the announcement by Bellamy's to the ASX. The government does not comment on matters that are before the Foreign Investment Review Board. Let me make the general point that foreign investment is a key driver of Australia's economic growth. It creates skilled jobs, improves access to overseas markets and enhances productivity in Australia, which benefits Australian businesses and Australian consumers. Without foreign investment, production, employment and income would all be lower. The government recognises community concerns about foreign ownership of certain Australian assets, which is why the foreign investment review framework allows the government to consider these concerns when assessing Australia's national interest, while ensuring Australia remains an attractive place to invest. Where the government finds that a proposal is contrary—

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