The Liberals have backed down on its threat to impose an amendment to the Federal Government's wheat deregulation bill, which would have eased regulations over port terminals operated by bulk grain companies.
The Australian Financial Review is today reporting that the Liberal Party has ditched its amendment, after lobbying by The Nationals and by AWB, which argued that the move would harm grain growers.
They say the regulations are necessary to ensure fair access to ports by all players.
Labor's legislation, which effectively deregulates the marketing of bulk wheat exports, was debated in the Senate last night and is expected to pass parliament in time for the planned July 1 start date for the new system.