Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Taking Australia back: PM announces tough new measures to stop foreigners buying our land and assets - and China will be FURIOUS
Daily Mail (Australia/UK) ^ | 5th June 2020 | Charlie Coe

Posted on 06/04/2020 6:04:34 PM PDT by naturalman1975

Foreign investment laws in Australia will be completely overhauled as part of tough new rules to protect the country's national security.

The federal government's zero-dollar approval threshold will mean all foreign bids for companies from large telecommunication businesses to small defence providers will be vetted by the Foreign Investment Review Board.

Treasurer Josh Frydenberg will also have the power to force a sale or impose conditions on foreign acquisition of Australian assets even after a purchase is made.

Previously the treasury could only block foreign purchases of Australian assets which exceeded a takeover threshold of $1.2billion.

The new laws follow a series of recent controversial takeovers by Chinese-owned companies - including the lease of the Port of Darwin to Chinese Communist Party-linked Landbridge Group in November 2015.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Australia/New Zealand; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS:

1 posted on 06/04/2020 6:04:34 PM PDT by naturalman1975
[ Post Reply | Private Reply | View Replies]

To: naturalman1975

I have said the same thing in previous posts. China is simply buying the U.S., one business and one ranch at a time. We are becoming their bread box.


2 posted on 06/04/2020 6:08:37 PM PDT by EinNYC
[ Post Reply | Private Reply | To 1 | View Replies]

To: EinNYC

Absolutely.


3 posted on 06/04/2020 6:14:33 PM PDT by RushIsMyTeddyBear ("Progressives" (elitist Communists) "Love you to death".)
[ Post Reply | Private Reply | To 2 | View Replies]

To: naturalman1975

The Imperial Japs wanted it during WWII, and now the Commie Chinese want everything they can get their hands on...keep them out Australia....!!!


4 posted on 06/04/2020 6:19:12 PM PDT by EagleUSA
[ Post Reply | Private Reply | To 1 | View Replies]

To: EinNYC

let them spend their money and take their chances. One thing’s for sure; they can’t take it home upon departure.

As for Chinese being furious, they best knock off the childish tantrums and wear big boy pants like the rest of the world. To-date, dog farts are more significant.


5 posted on 06/04/2020 6:21:24 PM PDT by Huaynero
[ Post Reply | Private Reply | To 2 | View Replies]

To: naturalman1975

Now if you only believed in the right to bear arms uninfringed.


6 posted on 06/04/2020 6:25:33 PM PDT by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: naturalman1975

“the power to force a sale”

China might have to sell at a loss, if its is forced. Good on ya.

Australia is going to have to look real hard at all ownership, because the Chinese Intel folks will have layer upon layer of front companies and surrogates for the their high value targets


7 posted on 06/04/2020 6:31:39 PM PDT by BeauBo
[ Post Reply | Private Reply | To 1 | View Replies]

To: naturalman1975

Loosen your gun laws put in place by previous puke governments while you are at it. Give the Aussies a fighting chance already.


8 posted on 06/04/2020 6:43:12 PM PDT by Bonemaker (invictus maneo)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Huaynero; EinNYC

“One thing’s for sure; they can’t take it home upon departure.”

Back in the 1980s, it was the Japanese making the acquisitions including Rockefeller Center.
The saying at that time was, they can’t take it with them.


9 posted on 06/04/2020 6:43:49 PM PDT by DUMBGRUNT
[ Post Reply | Private Reply | To 5 | View Replies]

To: naturalman1975

And No Pooftahs!


10 posted on 06/04/2020 6:45:31 PM PDT by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BeauBo

If they buy thru 3rd parties and it is found out, a sale will be forced to the highest buyer (a loss for china). No sneaking around the back way.


11 posted on 06/04/2020 7:09:21 PM PDT by JosephW (Mohammad Lied, People die!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: naturalman1975

good news


12 posted on 06/04/2020 7:14:34 PM PDT by KSCITYBOY (The media is corrupt)
[ Post Reply | Private Reply | To 1 | View Replies]

To: naturalman1975

Too late.
You already let too many of the Chi-com bastards in to your little country there folks.


13 posted on 06/05/2020 3:28:42 AM PDT by Joe Boucher ( Molon Labe' Baby, Molon Labe)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson