SKIP TO MAIN CONTENT

Swan rejects ASX merger reports

Federal Treasurer Wayne Swan has dismissed reports he is about to reject a proposed merger between the Australian and Singaporean securities exchanges.

swan_floodlevy_110129_B_aap_1308981776

1 min read

Published

Updated

Source: AAP


Skip to article content

"They are entirely speculation," he told ABC Radio, referring to reports quoting government sources that any deal he approved would not pass parliament.

The government was going through the motions of considering a Foreign Investment Review Board determination of the merger between the ASX and its Singapore counterpart, The Australian Financial Review quoted a source as saying.

"I have no idea where those reports have come from," Mr Swan said, adding he was the final decision-maker on the merger.

"I will take my decision of the evidence before me, based not only the recommendation Foreign Investment Review Board but a thorough consideration of all the issues in good time."

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

That decision would be made without any outside influences "whatsoever", the treasurer said.


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world