This sounds like a pretty stupid idea being tossed around by cabinet....
I have a better one, maybe they can buy a % of QF, call an extraordinary meeting, spill the board, re-appoint a new one with maybe a pollie (Uncle Nick??), a pilot, an Ngineer, some more people with talent, then go looking for a new CEO.
The perfectly orchestrated bailout of a company if I were PM. I would then sell at a modest 10%.