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Katter bill aims to stop sale of Cubbie Station

ENRAGED: Bob Katter says the Cubbie Station sale makes him angry and doesn't think there is
ENRAGED: Bob Katter says the Cubbie Station sale makes him angry and doesn't think there is "any question" there have been inconsistencies with the bidding process.

OUTSPOKEN North Queensland MP Bob Katter is attempting to stop the sale of Cubbie Station to a Chinse-led consortium.

Mr Katter introduced a private member's bill on Monday what would amend the Foreign Acquisitions and Takeovers Bill to direct the treasurer to prohibit the sale of Cubbie Station to a foreign person or company, or if already sold, to make an order for that share to be disposed of to someone approved by the treasurer.

Mr Katter is concerned about a number of aspects relating to the sale, including the bids of Australians interests not being considered.

"Our biggest water licence hasn't been bought by the government for environmental flows - it's been sold to foreigners," Mr Katter said.

"What the government should have done was to break Cubbie station up into 10 or 12 civilised sizes, where there would be owner-operators… but instead of doing that they sold it as one big heap to a foreign corporation."

The Foreign Investment Review Board approved the sale earlier this year to a consortium led by the Shandong RuYi Group.

Meanwhile, Mr Katter is set to join other parliamentarians in addressing media at Parliament House on Wednesday regarding a petition, to be tabled in Parliament, in which some 50,000 people demand a halt to the overseas sell-off of Australia's land and wealth-creating assets.

Topics:  bob katter cubbie station


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