Palmer urges Nats to confront Hockey on Graincorp takeover

FORMER Nationals Party member and Palmer United Party leader Clive Palmer has called on the Nationals to stand up to Treasurer Joe Hockey on the Graincorp takeover.

The Sunshine Coast MP on Tuesday said the proposed takeover threatened the future of grain growers around the country, and it needed to be turned down.

He said while he didn't oppose foreign investment as a whole, he believed there were no conditions that should allow the takeover to go ahead.

Mr Palmer said the Foreign Investment Review Board had "no teeth" to ensure any such conditions would actually be fulfilled once a takeover was approved.

He said the board, which is currently considering the proposal from US oilseeds giant Archer Daniels Midland, could not impose penalties if conditions were contravened.

While his comments were backed by other crossbenchers, Nationals leader and Deputy Prime Minister Warren Truss has previously made it clear the party opposed the takeover.

It is understood the Coalition's minor partner would not accept any conditions on the approval, fearing the impacts it could have on growers.

But after voicing opposition, party members and other concerned rural Coalition MPs and senators have left it to Mr Hockey to make his decision.

The Treasurer will make a final decision on the proposal in mid-December.

Topics:  clive palmer joe hockey nationals party

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Be the first to see controversial animated children's film

FURRY FRIENDS: Mopsy (Elizabeth Debicki), Flopsy (Margot Robbie), Benjamin, Bea (Rose Byrne), Peter Rabbit (James Corden) and Cottontail (Daisy Ridley) in Columbia Pictures' PETER RABBIT.

Advanced screening of Peter Rabbit in Lismore this weekend

Rosanna has designs on female taboo

Artist Rosanna Pimm uses 3500 porcelain tampons to created her large scale performance installation  Riots of Passage in The Quad  as part of The Lismore Women's Festival on International Women's Day. Laying down and de-constructing the mandala structure symbolises the impermanence of the menstrual cycle and an end to female inequality in the world.

Rosanna has designs on female taboo

Another win for city's calender

NO PROBLEM: Eat The Street.

Another win for city's calender

Local Partners