Senate debates

Thursday, 12 March 2009

Rio Tinto: Chinalco Purchase

9:59 am

Photo of Bob BrownBob Brown (Tasmania, Australian Greens) Share this | | Hansard source

I move:

That the Senate—
(a)
notes that, according to the Aluminum Corporation of China (Chinalco), the Chinese Government has potential control over Chinalco through the power of appointment and removal of the president and members of the executive committee of Chinalco exercisable by the State Council and the State Assets Supervision and Administration Committee; and
(b)
calls on the Treasurer (Mr Swan) not to approve Chinalco’s proposed deal with the Rio Tinto group unless he can be assured that a foreign government does not have the capacity to appoint or remove any of Chinalco’s staff.

Question put.