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Tuesday, 17 September 1985
Page: 631
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Senator Walsh —On 26 February 1985 (Hansard, Page 181) Senator Jack Evans asked me, as Minister representing the Treasurer, a question without notice concerning the collection of information on foreign ownership and control of major assets in Australia. The Treasurer has provided the following answer to the honourable senator's question:

A range of information concerning foreign ownership and control in the Australian economy is already being collected and published by the Australian Bureau of Statistics. The Bureau has published estimates of foreign ownership and control in the mining and resource processing industries and in manufacturing. In addition, it plans to produce estimates of foreign ownership and control of rural land and of foreign participation in financial corporations.

The information already collected and published and that in prospect should provide comprehensive and comparative data on the foreign ownership and control of industries in Australia. Information regarding the ownership and control of banks by foreign interests has been published. Any proposals, directly or indirectly, by such banks to extend foreign ownership and control of Australian assets will be examined in the usual way under Australian foreign investment policy.

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