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It’s over. There’s no kicking anything into the long grass even. Treasurer Joe Hockey last night released a two-line statement saying the iron ore inquiry would not be going ahead:
“Over recent days, there has been some speculation about whether a parliamentary inquiry into the iron ore sector was necessary,” the statement read.
“After discussing the issue with regulatory bodies and stakeholders across the resources sector, the Government will not be initiating an inquiry at this time.”
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.