Question on Notice regarding the Premier's meeting with the Singapore Stock Exchange head prior to the ASX takeover announcement, inquiring about prior knowledge and consistency in foreign investment promotion.

AnsweredQoN 4414Legislative Assembly
Asked
24 November 2010
Portfolio
State Development

QuestionView source ↗

In the Premier’s 21 October 2010 statement to Parliament, the day before the Singapore Stock Exchange publicly announced their move to take over the Australian Stock Exchange (ASX), the Premier stated he met with the head of the Singapore Stock Exchange to outline commercial opportunities in Western Australia, particularly for the many banks and financial institutions investing out of Singapore, and I ask:
(a) was the Premier informed during his Singapore visit of the move on the ASX; and
(b) given the Premier’s contradictory statements against foreign investment in Woodside, can the Premier outline exactly what Western Australian sectors and Western Australian companies he is encouraging Singapore-based investors to invest in?

AnswerView source ↗

Answered
17 February 2011
Response time
85 days
Department of State Development advises:
(a) No.
(b) Promotion of Western Australian industries and investment opportunities in a broad range of sectors including mining, energy, agri-food, tourism, education and training services as well as infrastructure development.
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