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Wednesday, 11 August 2004
Page: 26246


Senator HILL (Minister for Defence) (10:51 PM) —I am seeking clarification, but again I cannot say how these regulations could be made, and therefore they would need to be made to set the amount to which that particular clause, 17B(1)(c), refers. Whilst the experts deliberate, let me say that 17B(1) provides the circumstance in which a prescribed foreign investor is covered by this subsection, and one part of it includes this reference to an asset value and its relationship to a sum that will, I assume, be set out in the regulations—and that it will be $50 million, because that is the figure that is set out in the agreement.