'Who's dog and cat and next door neighbour is being signed up without them knowing?"
During the pre-registration for shares in the 2010 float of Queensland Rail, it was reported that some people were submitting pre registrations in the name of their pets.
The Government has pointed out that in the 1999 sale of Contact Energy shares, 225,000 of the 250,000 people who pre-registered went on to buy shares. But in the Queensland Rail sale, only 80,000 of those who pre-registered bought shares.
"If someone can sign me up with me knowing, then there's the opportunity for many others to be signed up as well. Who knows how many people are going to be on that register that are not actually bona fide?"
The Keep Our Assets coalition comprising of Labour, the Greens and Grey Power will later today present the petition to Parliament.
The Government has said that in the event there are sufficient signatures on the petition to force a referendum, it won't delay its asset sales process until that can take place.
But Shearer this morning that didn't mean the petition was a waste of time.
While the petition and referendum would be too late to prevent the sale of Mighty River, "the referendum will be before others are sold off and if we can give the Government real fright as to where public opinion is then we'll be able to save other assets."