No roadblocks to success: CormannBY BEN COLLINS | FRIDAY, 3 AUG 2012 11:45AMMathias Cormann, Shadow Assistant Treasurer and Shadow Minister for Financial Services and Superannuation, came out swinging yesterday, accusing the Federal government of implementing "chaotic and unpredictable" regulations. |
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
Interesting comments given Tony's latest regarding Foreign Investment. The Liberals seem to be becoming protectionists and clearly have given no thought to foreign investment. For starters we are told that Farms are to be protected. So we are taking away the ability of farmers to sell their property at market prices so they now are forced to take a lower price, given that farmland is relatively expensive here compared to the USA , the farms will become considerably cheaper. On the subject of investment, Tony and Co seem to have forgotten that I can control a company through debt as well, especially if I own or control significant portions. I don't think Clive Palmer will be all too pleased if Citic and BOC are told to sell their loans. Nor can I see Clive being funded by the Big 4 Australian Banks. Twiggy, Gina, Nathan, Clive et al have all required Foreign investment to get their companies to where they are today. Tell me the mechanism by which the RBA or AOFM are going to tell the BOC or the People Bank, Banco de Brasil, ADB, ECB, Fed, MAS, HKMA, Bank Negara Dagang, and all the other Supranationals and Central Banks that they cannot invest in the Australian Governbment Bond Market. Talk about off with the fairies the whole process as developed by Julie Bishop clearly shows a distinct and total lack of understanding about investment and is very much policy on the hop. To finish , so Tony is going to tell, Emirates, Singapore Air, Etihad that they cannot own or part own Australian Airlines. What about Optus, and the various Malaysian Governement entities that have significant stakes in our infrastructure, or Ford and GM where there are significant US Government stakes. This smells of paternalism and racism to the extreme