Senate debates

Monday, 23 November 2015

Bills

Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015; In Committee

8:56 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Leader of the Opposition in the Senate) Share this | Hansard source

The minister has not addressed why this is cumulative. He avoids the questions when he does not want to answer them but the reality is there is a special deal here in relation to agricultural land that does not apply to any other sector of the economy. There is no public policy rationale that the minister has articulated other than that it is their judgment. I think we have traversed many of the issues in this debate but before I move our amendments I will make the point that the minister sought to say that the Liberal Party knows a lot more about business than the Labor Party. Certainly it appears in this debate that that is not the case because we have seen the Business Council, the Food and Grocery council, the AiG and other business groups be highly critical of the government's approach and it does not appear that the government has listened.

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