Pauline Hanson (Queensland, Pauline Hanson's One Nation Party) Share this | Hansard source

Yes, they are operating in Australia, but we're looking at an input of $100 million from the Commonwealth government, $100 million from the big four banks and $20 million from each of the smaller banks. That's a total of $540 million. If we're going to put that money into businesses here in Australia, people would like to know that it's going to be propping up Australian owned businesses and companies in Australia. We're now selling a lot through foreign investment. A big concern is selling lines to the Chinese milk company. Look at the sale of the Van Diemen's Land Company. Under the foreign trade agreement, the Chinese agreed to inject $100 million into that investment. That never happened. They're now asking the government for a handout to the tune of $100 million. Would that company now be eligible under this bill for that loan, considering it is a Chinese owned dairy company that exports two plane loads of milk back to China every week?