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The federal government has placed severe, immediate and indefinite restrictions on all foreign investment bids following at least two cases of Chinese-owned companies in Australia securing tonnes of precious medical supplies and shipping them back to China.
Effective from 10.30pm Sunday, Treasurer Josh Frydenberg lowered to zero the dollar value of every foreign investment bid that would trigger scrutiny by the Foreign Investment Review Board and then, ultimately, by him.
Presently, there are varying foreign investment thresholds depending on the buyer, the country in which they are based, and the type of asset being sought. Thresholds range from $1.192 billion to $275 million to zero.
Under the change, the threshold is zero for everythi
originally posted by: IAMALLYETALLIAM
a reply to: ZapBrannigan3030
Their growing levels of involvement here are absolutely alarming.
Buying up all of our agri businesses, property and even water in a town where they were trucking water in!
There a number of CCP sponsored institutes identified in our universities spreading their propaganda along with institutes based in the community.
Our public broadcaster the ABC loves defending them and painting them in a positive light whenever they can.
If this keeps ramping up we may need to leave for another western Democratic nation before we're the Peoples Republic of Australia
originally posted by: IAMALLYETALLIAM
a reply to: ZapBrannigan3030
Their growing levels of involvement here are absolutely alarming.
Buying up all of our agri businesses, property and even water in a town where they were trucking water in!
There a number of CCP sponsored institutes identified in our universities spreading their propaganda along with institutes based in the community.
Our public broadcaster the ABC loves defending them and painting them in a positive light whenever they can.
If this keeps ramping up we may need to leave for another western Democratic nation before we're the Peoples Republic of Australia
originally posted by: Ohanka
Next good step would be to nationalise Chinese owned enterprises and ban on institutions connected to the CCP to remove their influence entirely.
Hats off to Australia for taking a stand against China’s empire building. Few people are willing to stand up to them.
originally posted by: bally001
originally posted by: IAMALLYETALLIAM
a reply to: ZapBrannigan3030
Their growing levels of involvement here are absolutely alarming.
Buying up all of our agri businesses, property and even water in a town where they were trucking water in!
There a number of CCP sponsored institutes identified in our universities spreading their propaganda along with institutes based in the community.
Our public broadcaster the ABC loves defending them and painting them in a positive light whenever they can.
If this keeps ramping up we may need to leave for another western Democratic nation before we're the Peoples Republic of Australia
Not to mention Darwin Harbor, water resources in QLD and air ports in WA. We won't get them back. Some greedy individuals leased Darwin Harbor for a song, caught the yanks by surprise.
Bally
I hope that all other sensible nations take similar precautions or there is a real, scary potential of China buying up a swathe of businesses, stocks and bonds when they are at rock bottom prices and having an unacceptable level of influence in our societies.
originally posted by: Ohanka
Next good step would be to nationalise Chinese owned enterprises and ban on institutions connected to the CCP to remove their influence entirely.
Hats off to Australia for taking a stand against China’s empire building. Few people are willing to stand up to them.
originally posted by: IAMALLYETALLIAM
a reply to: bally001
Yeah the Darwin harbor sell off was an absolute bloody shocker, someone ought to be locked up over that.