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Showing 21 - 30 of 181 results for "Foreign Investment"

HESTA pushes for net zero legislation

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... government's refusal to commit to net zero by 2050 will lead to Australia losing a massive amount of green foreign investment, superannuation fund HESTA warned. At a recent Investor Group on Climate Change event, HESTA chief executive Debby Blakey called ...

Pension fund backs Aussie insurance distributor

JAMIE WILLIAMSON  |  TUESDAY, 14 SEP 2021
... he said. The sale has apparently been in the works for several months now, The transaction is subject to the Foreign Investment Review Board's approval.

BNP Paribas wins China custody agreement

ELIZABETH MCARTHUR  |  MONDAY, 9 AUG 2021
... (CIBM). "This newest QFI licence complements our cross-border product offering and will help to attract even more foreign investment into China's bond and equity markets, which are fast becoming amongst the most important markets globally," BNP Paribas ...

FIRB updates guidance

ELIZABETH MCARTHUR  |  MONDAY, 26 JUL 2021
Treasury and the Foreign Investment Review Board (FIRB) have released new guidance that will impact all foreign private capital investments in Australia. The guidance is mainly in respect to exemption certificates. It confirms that the exemption certificate ...

Chief economist update: Local and foreign love affair with Australian property

BENJAMIN ONG  |  WEDNESDAY, 30 JUN 2021
The Foreign Investment Review Board's (FIRB) 2019-20 annual report shows that just like Australians, foreigners are also in love with our local property market. The FIRB approved a total of 7496 applications for the purchase of commercial and residential ...

Aware Super, MIRA acquisition progresses

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
The Foreign Investments Review Board (FIRB) has approved the $4.6 billion acquisition of Vocus by a consortium made up of Aware Super and Macquarie Infrastructure and Real Assets (MIRA). The consortium's bid values Vocus at $5.50 per share, which is ...

Foreign investors face tip offs

ANNABELLE DICKSON  |  TUESDAY, 22 DEC 2020
... campaign encourages people to send information to the tax office about foreign investors who may be breaking the foreign investment rules or suspected illegal behaviour around the ownership of residential real estate. Foreign investors wanting to purchase ...

Charter Hall buys David Jones flagship

ELIZA BAVIN  |  TUESDAY, 22 DEC 2020
... existing available capacity. The Charter Hall board said the settlement is conditional upon approval from the Foreign Investment Review Board for David Jones entry into the lease. The purchase price reflects a 5% initial yield based on the initial annual ...

Kiwi firm rejects AustralianSuper takeover bid

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... December 4. IFT cited other "unattractive" aspects of the offer, one being meeting material conditions from the Foreign Investment Review Board and Overseas Investment Office approvals in Australia and New Zealand. Another is that shares in Trustpower ...

Consortium eyes Link Group

KARREN VERGARA  |  TUESDAY, 13 OCT 2020
... transaction," it said. The proposal is subject to a number of approvals, including receiving the go-ahead from the Foreign Investment Review Board, due diligence and securing debt financing. Link chief executive John McMurtrie is due to retire early ...