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Queensland government investigates Adani

Tony Moore reports in the Brisbane Times (17.3.15) that Federal Environment Minister Greg Hunt says it’s up to the Queensland Government to investigate the complex company structure of Adani, which proposes to operate in the Galilee Basin.

‘Fairfax Media has found a complex web of companies tied to Adani’s Australian coal developments, extending from the low-tax regime of Singapore to the tax haven of the Cayman Islands.

‘Greens Senator Larissa Waters has written to the Australian Securities and Investments Commission asking them to investigate apparent discrepancies in the company’s documents. 

‘On Monday, Mr Hunt said it was the state government, not the federal government, who held ultimate responsibility for doing due diligence on companies with which it dealt.  …

‘On Monday night, a spokeswoman for Queensland State Development Minister Anthony Lynham said that they had conducted their due diligence. “The Foreign Investment Review Board has completed its investigation of Adani,” the spokeswoman said. “Queensland Treasury has also carried out the appropriate due diligence on Adani.”‘

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