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Doug Cameron The opposition has three amendments in relation to this bill. I understand that we will be dealing with sheet 7476 initially. I move: (2) Schedule 1, page 3 (lines 1 to 5), omit the Schedule, substitute: Schedule 1—Amendments _Qantas Sale Act 1992_ 1 Paragraphs 7(1)(aa) and (b) Repeal the paragraphs. 2 Paragraph 7(1)(d) Omit ", (b)". This amendment is basically the 25 per cent, 35 per cent proposition. This amendment will remove the 35 per cent and 25 per cent sublimits on foreign ownership but will retain the requirements for at least 51 per cent ownership of Qantas by Australians and all other elements of part III that give Qantas its Australian character. This includes keeping provisions that give legislative effect to those requirements. These are: the majority of Qantas international operations, including maintenance, housing of aircraft, catering, flight operations, training and administration, be based in Australia—that is, Qantas jobs should predominantly be Australian jobs; the Qantas board to remain composed of at least two-thirds Australians, including the chair; the Qantas name must be used for international services; Qantas's head office to remain in Australia; and Qantas to remain incorporated in Australia. Labor will not allow these provisions to be taken out of the legislation, as the government had proposed. The position is consistent with the recommendation of Labor senators on the Senate Economics Legislation Committee when the bill was considered. David Johnston The government will support the Australian Labor Party's amendment to this bill. The proposed amendment means that the bill removes the 25 and 35 per cent intermediate restrictions on foreign ownership of Qantas but leaves the other restrictions contained in part III unchanged. By removing those foreign investment restrictions, the bill allows foreign investors to acquire the same level of ownership in Qantas as they can in other Australian international airlines regulated by

Senate, 2014-07-17. affirmative: ayes 48, noes 15.

Question

Doug Cameron The opposition has three amendments in relation to this bill. I understand that we will be dealing with sheet 7476 initially. I move: (2) Schedule 1, page 3 (lines 1 to 5), omit the Schedule, substitute: Schedule 1—Amendments _Qantas Sale Act 1992_ 1 Paragraphs 7(1)(aa) and (b) Repeal the paragraphs. 2 Paragraph 7(1)(d) Omit ", (b)". This amendment is basically the 25 per cent, 35 per cent proposition. This amendment will remove the 35 per cent and 25 per cent sublimits on foreign ownership but will retain the requirements for at least 51 per cent ownership of Qantas by Australians and all other elements of part III that give Qantas its Australian character. This includes keeping provisions that give legislative effect to those requirements. These are: the majority of Qantas international operations, including maintenance, housing of aircraft, catering, flight operations, training and administration, be based in Australia—that is, Qantas jobs should predominantly be Australian jobs; the Qantas board to remain composed of at least two-thirds Australians, including the chair; the Qantas name must be used for international services; Qantas's head office to remain in Australia; and Qantas to remain incorporated in Australia. Labor will not allow these provisions to be taken out of the legislation, as the government had proposed. The position is consistent with the recommendation of Labor senators on the Senate Economics Legislation Committee when the bill was considered. David Johnston The government will support the Australian Labor Party's amendment to this bill. The proposed amendment means that the bill removes the 25 and 35 per cent intermediate restrictions on foreign ownership of Qantas but leaves the other restrictions contained in part III unchanged. By removing those foreign investment restrictions, the bill allows foreign investors to acquire the same level of ownership in Qantas as they can in other Australian international airlines regulated by

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