Senator SINODINOS (New South Wales—Minister for Industry, Innovation and Science) (14:31): The Arrium sale process is at a sensitive stage, and the process is run by KordaMentha, not by the government. As I have said, we are in the process of discussions with the preferred bidder as set out by KordaMentha. At this stage it would not be appropriate for me to stand up now and give a public assessment of the details of each of the bidders' proposals, which are of course confidential. As I made clear, the cross-jurisdictional task force that is looking at these matters is well supported by financial and technical advisers on both sides. The PRESIDENT: Order! A point of order, Senator Xenophon? Senator Xenophon: I asked whether the government is also engaged with Liberty House, in addition to the private equity firm Newlake, and JBS Management. Will there be engagement with one or both? The PRESIDENT: On the point of order, the minister was directly relevant in relation to other matters of your question—you had three points to your question. And the minister did indicate the sensitive nature of the situation at the moment. But I will invite the minister to respond to your point of order if he wishes to. Senator SINODINOS: To put it on the record, the federal government has engaged with both Liberty and Newlake. KordaMentha has made a decision as to the preferred bidder and entered into a process. That is the basis on which we are proceeding. The PRESIDENT: Senator Xenophon, a final supplementary question.