Mr WILKIE (Clark) (13:42): Tasmania is the flavour of the month in China right now. Indeed, just this week there's been a Chinese government-backed $1.5 billion takeover bid for the Tasmanian infant formula business Bellamy's. But already serious questions are being raised about the offer, which comes when Bellamy's has been struggling to secure registration from China to sell its organic products in retail outlets and consequently has seen its company value tumble. The proposed sale must be assessed by the Foreign Investment Review Board, which will need to conduct a most stringent assessment of whether or not the public interest is served by this sale. Many Australians will be uneasy for all sorts of reasons, and it's important that the review board is seen to act quickly and competently and to be prepared to stop the sale if need be. Moreover, there must be no risk for Australian consumers of formula shortages or declining standards. In other words, we don't want supermarket shelves stripped bare, nor do we want the Bellamy's Australian workforce gutted. We must also heed the lessons of history and make sure we don't see a repeat of the farcical Van Diemen's Land Company sale, where foreign buyers promised the world but delivered bugger all. This will be a crucial test for the Foreign Investment Review Board and for the federal government—one that both must pass.