Title BILLS
Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015
In Committee
Database Senate Hansard
Date 23-11-2015
Source Senate
Parl No. 44
Page 8682
Party AG
Status Final
Speaker Whish-Wilson, Sen Peter
Stage Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015
Context BILLS
System Id chamber/hansards/c3d90ba0-0cf0-40f5-b619-9d3ed6ad10bf/0241


BILLS - Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015 - In Committee


Senator WHISH-WILSON (Tasmania) (19:56): I would just like to say that, whereas I agree with much of the sentiment expressed tonight by Senator Lazarus, the Greens' longstanding policy has been a threshold of $5 million. That was arrived at by extensive consultation with stakeholders. Basically, to put it in a nutshell, we felt that agricultural acquisitions underneath that size would more likely be hobby farms and not necessarily substantial production, and that is the number that we arrived at. As I mentioned earlier, we will be supporting Senator Xenophon's amendment. We will not be supporting Senator Lazarus's amendment.