Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

In terms of the changes you are seeking to the Qantas act, the government are looking forward to the Senate committee's report that you and other senators are engaged in. So we look forward with some interest to those questions. Insofar as the act is concerned, Qantas's main operational base and headquarters must remain in Australia; total foreign ownership must not exceed 49 per cent; the name 'Qantas' must be preserved for the company's scheduled international passenger services; the company must be incorporated in Australia; at least two-thirds of the board of Qantas must be Australian citizens; and the chairman of the board must be an Australian citizen. I am advised that the Minister for Infrastructure and Transport and the department continue to monitor Qantas's business strategy and associated proposals to ensure that Qantas's operations continue to meet the requirements of the Qantas Sale Act. Again, I point to the fact that the Senate inquiry— (Time expired)