Senate debates

Monday, 23 November 2015

Bills

Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015; In Committee

5:17 pm

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

This is clearly a process that has gone through the proper internal processes of government. It is going through the proper democratic processes of the federal parliament. This is a government that is committed to appropriate consultation with all relevant stakeholders. That is why, openly and transparently and very clearly, we have committed ourselves—I am quoting again from the letter—to 'shortly commence a process for developing an implementation approach involving full public consultation'. This process, which we consider to be important and necessary, will ensure that relevant technical issues can be addressed, and of course that will involve, appropriately, consultation with the state and territory governments as appropriate.

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