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Wednesday, 11 August 2004
Page: 26240

Senator CHERRY (10:22 PM) —I have pondered these provisions, and I have read the annex very quickly. I would like to ask some questions of the minister. The first is about my concern that these provisions to some extent set in stone Australia's foreign investment policy ad infinitum. My question relates to the future of Australia Post. Whilst the annex and the schedules clearly state that the current foreign ownership provisions for Telstra are reserved, if Australia Post were privatised by government in the future, would a government be entitled to impose foreign ownership restrictions on Australia Post, or are our reservations related only to those provisions contained in these annexes?