Peter Reith is an ass.
And if the mods would let me, I'd call him much worse than that. This is the same guy who, when he was a senior Minister in Government, pretty much tried to hang Angus Houston, an entirely honourable and respected senior military officer, out to dry during the "people overboard" affair. Houston simply told the truth. Reith was shown to be making it up as he went along. That's the character of the man.
I agree with Worrals. You can't just buy the Bank of India, rename it "Commonwealth Bank of Australia", and seriously play the patriot card. Likewise, a Qantas Asia with overseas employees getting paid in overseas currency on overseas labour contracts paying overseas tax to an overseas Government and using overseas goods and services is NOT Australian, even if it has the "Qantas" name painted on the side.