Treasurer Joe Hockey’s decision to block the ADM takeover of GrainCorp has met with approval from the Greens and Clive Palmer but has been criticised by the ALP as an attack on foreign investment and a capitulation to The Nationals.
Shadow Treasurer Chris Bowen said Hockey had failed his first big test of credibility as Treasurer. He said Hockey had acted not in the national interest but in the interests of The Nationals. “Hockey can be bullied afterall,” Bowen said.
Greens leader Senator Christine Milne said her party was “very pleased” GrainCorp is not to be sold. “Owning our essential infrastructure is critical,” she said.
The Palmer United Party’s Clive Palmer said he would now withdraw his private member’s bill which proposed to legislatively block the ADM takeover.
- Listen to Chris Bowen (7m)
- Listen to Clive Palmer (11m)
- Listen to Christine Milne (13m)