In this report by Stephanie Dalzell and Andrew Green:
‘Clampdown on foreign investments to prevent international raids on Australian assets amid coronavirus pandemic’
THE PROBLEM IS …
The new rules about ‘FOREIGN OWNERSHIP’ seem to have one major flaw …
Those sitting around the table at the FIRB are still those that have
.rejected only FIVE (5) applications for the purchase of Australian assets by foreigners
.have allowed so many national assets to be bought by foreign entities that may, or have Proxy arrangements with their government
And so on …
AS we keep sayin’ the Foreign Investment Review Board (the FIRB) is the ‘Australian Sell Out Agency’ and ought be disbanded … extinguished!!
READ more about the Daley model of how to do things!
Did we hear SCOMO allude to some sort of egalitarianism?
Did he use the words ‘fairness, equal treatment, employees are businesses most valuable asset and so on…’?
JOSH, did he say ‘every Australian knows we (governments) have your back’?
We shouldn’t forget any of it!
FINALLY … from this Sunday 5 April 2020 all applications are said to now be examined by the FIRB to stop Chinese (CCP) takeovers of distressed Australian assets … yet despite this the move is not an investment freeze! WT *%#**
Are they so rusted on … ?
‘At the moment, foreign investors need to apply for approval before purchasing land or assets in Australia if the value is over a certain threshold.
For private investors from free-trading agreement partner countries, that limit ranges from $50 million to $1.1 billion, for land and non-land proposals.’
HOW come Government members believe such a change will stop China taking advantage of our declining financial position to grab more critical assets?
When the Chair, David Irvine remains in this role …
… this FIRB Apparatchik believes it doesn’t matter who owns Australia – just about anything here in Australia – so long as it meets some simple rules and rather limited circumstances!
It is simply amazing to read he even is prepared to admit to such a World view!
-Irvine has been a member of the FIRB since 2015 and Chair since 2017
SOURCE: Address by Mr David Irvine AO, FIRB Chair, to the Sino-Australian Investment and Financing Forum 2019, Sydney NSW
DESPITE Australia’s weakened position created by the WUHAN VIRUS the Scomo Guvmnt is not PREVENTING the CHINESE acquiring even more of Our National Estate! WT ^&% … that Australia ‘recognised investment during the coronavirus outbreak was still beneficial … ‘
HOW can temporary measures safeguard Australia’s national interest?
HOW does Liberal MP Andrew Hastie, Chair of the Parliamentary Joint Committee on Intelligence and Security believe that these temporary measures will protect Australian companies from such rapacious moves?
“Aussie businesses have taken some big hits through the COVID-19 pandemic,” he said.
“We need to protect our most vulnerable from authoritarian states angling for bargains through their business fronts.
VIDEO: Scott Morrison announces moves to reduce public gatherings to no more than two people (ABC News)
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