Mining magnate and lawmaker Clive Palmer plans to introduce a bill into Australia’s parliament opposed to the planned A$2.2 billion ($2.1 billion) takeover of GrainCorp Ltd. by U.S.-based Archer-Daniels-Midland Co.
Australia’s Greens Party want a carbon price imposed quickly and won’t automatically back policy proposed by Prime Minister Julia Gillard , whose minority government relies on their support, lawmaker Adam Bandt said.
The Reserve Bank of Australia denied Governor Glenn Stevens misled parliament over what officials knew of alleged corruption at a note printing unit amid media reports his former deputy was informed of potential bribery.
The Reserve Bank of Australia said its executives acted with integrity in response to allegations of bribery at its note printing units amid a new report that a senior bank official was aware of corruption in 2007.
Australia’s three serving independents, likely to hold the balance of power in the national parliament, will meet tomorrow to decide which party to support and whether to back a tax on mining company profits.
BHP Billiton Ltd. , Rio Tinto Group and Xstrata Plc have been called to give evidence to an Australian parliamentary committee investigating the government’s planned 30 percent tax on iron ore and coal profits.
Australian lawmakers called on the government to investigate claims senior central bank officials suppressed evidence of corruption at the bank’s note-printing units that sought contracts in Nepal and Malaysia.