Peter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

I know there are a whole range of motivations as to why people put their money into these things. Sometimes they just want to see them happen and be successful for philosophical reasons or whatever. But an investor has to know their exit strategy and their pathway. I think that needs to be very clearly spelt out such that they are going to get fair and equitable treatment in the valuation of any exit strategy, whether they sell on a secondary market or whether they get bought out.

You said takeovers there. I did listen to that carefully and I read it in the explanatory memorandum, but sale of an asset can be quite different to a takeover, and a takeover can be hostile or it can be nonhostile. So I am a bit confused as to what we are dealing with here. I understand if it's a hostile takeover why you would want to exclude them, but in terms of the sale of their business or their asset to a third party is that also what you're classifying as a takeover?