Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Disclaimer: The Parliamentary Library does not warrant or accept liability for the accuracy or usefulness of the transcripts. These are copied directly from the broadcaster's website.
Doubt cast over ASX-Singapore merger -

View in ParlViewView other Segments

ALI MOORE: A proposal to merge Australia's stock exchange with Singapore's is likely to be knocked

The Foreign Investment Review Board today told the Singapore Exchange that the Federal Treasurer
Wayne Swan is unlikely to agree to the merger.

The Treasurer backed up the board's announcement with a statement saying he doubts a merger would
be in the national interest.

But Mr Swan also says he's willing to hear further arguments for the takeover before making a final

Parliament will have the last word on any merger.