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26    Economics References Committee—Reference

Senator McEwen, at the request of Senators Conroy, Xenophon, Whish-Wilson, Lambie and Lazarus and pursuant to notice of motion not objected to as a formal motion, moved business of the Senate notice of motion no. 7—That the following matter be referred to the Economics References Committee for inquiry and report by 4 February 2016:

An examination of the foreign investment review framework, including powers and processes of the Foreign Investment Review Board, in relation to Australian assets of strategic or national significance being subject to lease or purchase by foreign owned interests, and whether there ought to be any legislative or regulatory changes to that framework to ensure Australia’s national interest is being adequately considered, with particular reference to:

    (a)   the decision by the Northern Territory Government to grant a 99-year-lease over the Port of Darwin to Landbridge Group;

    (b)   the planned lease by the New South Wales Government of TransGrid;

     (c)   the decision by the Treasurer to block the sale of S Kidman and Co on national interest grounds; and

    (d)   any other related matters.

Statement by leave : The Assistant Cabinet Secretary (Senator Ryan), by leave, made a statement relating to the motion.

The Senate proceeded to divide—

The call for the division was withdrawn by leave.

Question put and passed.