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Australian Greens seek proper scrutiny of ASX merger

Australian Greens Leader Bob Brown said the benefits of a foreign buy out of the Australian Stock Exchange need to be clearly proven.

"The ACCC's narrow mandate is no substitute for a responsible government decision," Senator Brown said.

 "The Greens will not support any move to exempt the 15% shareholder cap on the Australian Stock Exchange to allow it to be taken over by the Singapore Exchange unless benefits can be clearly proven."

"It is very important that the Foreign Investment Review Board also closely scrutinises any potential negative impacts of this proposal."

Human Rights Watch describes Singapore as "a politically repressive state".

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