Senate debates

Wednesday, 14 March 2012

Questions without Notice

Foreign Investment

2:51 pm

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

Mr President, I have a second supplementary question. I would not dare ask the minister for legal advice, but I would like some policy positions from the government. For instance, if an Australian airline—for example, Tiger Airways Australia—invests in another company that is subject to foreign ownership restrictions, is that investment treated as an Australian investment because it is owned by an Australian company, or is it treated as foreign because all of the shares in that company are foreign owned?

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