Hockey slammed on ADM comments

Labor accuses Treasurer of creating confusion over foreign investment policy.

Labor has accused Joe Hockey of creating confusion over Australia’s foreign investment policy after the Treasurer said he blocked Archer Daniels Midland’s $3.4 billion bid for GrainCorp because the US company was “not of particularly good character”.

The Abbott government was “making up investment policy on the run’’, opposition trade and investment spokeswoman Penny Wong and finance spokesman Tony Burke said yesterday.

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