When the Honourable Senators proposed to limit the content of palm oil, they were undoubtedly confused with the decision by several EU member-states to limit the content of trans fats in fats and oils; in fact, Denmark has set this limit at 2%.
Note that palm oil is a natural product that does not cause health problems, given its unique chemical structure. Furthermore, palm oil contains Vitamin E and is the most significant source of tocotrienols, which offer protection against cancer and are pro-Vitamin A.