Opposition releases discussion paper into foreign investment

Opposition releases discussion paper into foreign investment

Opposition Leader Tony Abbott has announced that under a coalition government, state-owned foreign investors may need to seek federal government approval for purchases, especially in regards to investment in Agriculture.

The proposal has been included in a discussion paper released by Mr Abbott and Nationals leader Warren Truss this morning.

 The coalition has decided to release the report as a discussion paper rather than a policy document, and is welcoming community submissions up to October 31.

 Mr Abbott says it’s in the national interests of the nation, and therefore public and business consultation is required.

He says Australians deserve to have the confidence that any foreign government investment is in the best interest of Australians.

About author

Libby Dreyer
Libby Dreyer 1729 posts

Libby has worked as a Senior Journalist at National Radio News since February 2011. She graduated with a Bachelor of Journalism from the University of Canberra in December 2010.

View all posts by this author →

You might also like

National 0 Comments

Rudd sworn in as PM after leadership ballot

Kevin Rudd has been sworn in as Australia’s new Prime Minister.

National 0 Comments

Armstrong quits as Chairman of LiveStrong amid allegations of cheating

The fallout from the USADA’s report continues for Lance Armstrong

National 0 Comments

Qld police continue search for babies' remains

Qld police will spend a third day excavating a rural property in the search for the remains of several babies.

National

Indigenous incarceration rates “catastrophe” – Gooda

The Aboriginal and Torres Straight Islander Social Justice Commissioner says the over-representation of Indigenous Australians is a catastrophe.

0 Comments

No Comments Yet!

You can be first to comment this post!