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Showing 71 - 80 of 218 results for "Foreign investment"

Government announces fresh crackdowns on foreign investments

ALLY SELBY  |  FRIDAY, 5 JUN 2020
Treasurer Josh Frydenberg has announced a major crackdown on foreign investment in Australia, including new overriding "last resort powers" which will allow him to force foreign divestment in exceptional cases. The reforms to the country's foreign ...

Expats sweat as main residence CGT cut-off looms

ALLY SELBY  |  THURSDAY, 28 MAY 2020
... directed at foreigners (including foreign investors and expats) aimed to make housing more affordable by reducing foreign investment; however, it did little to recognise Australian home owners who had followed opportunities abroad. "In my experience ...

Court to decide OneVue claim over Sargon sale

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
The sale of Sargon's subsidiaries has yielded $29.6 million for its secured creditors including OneVue and Westpac, who will now have their claims decided in court. The sale, which was confirmed yesterday includes Diversa, CCSL, Tidswell and Australian ...

New buyers for Sargon businesses confirmed

KANIKA SOOD  |  TUESDAY, 5 MAY 2020
Sargon's Diversa, CCSL and Tidswell businesses will be owned by New York-based buyers, who are committing to retaining Aussie jobs and have hired a Westpac and BT veteran for the board. New Yorker Teddy Wasserman of CloverHill Capital and Australian-origin ...

Changes to foreign investment rules hurt managed funds

ALLY SELBY  |  TUESDAY, 14 APR 2020
A Chinese-Australian funds manager has slammed changes to the foreign investment review framework, arguing they will damage the Australian economy and its managed funds businesses. Atlas Advisors Australia said the new temporary FIRB rules would curb ...

Trillion dollar stimulus debt debated

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
... of Australian businesses to foreign interests," Morrison said. "The Treasurer has announced changes to the foreign investment framework to protect Australia's national businesses." The Prime Minister said more than 200,000 JobSeeker claims, for those ...

COVID-19 spurs greater scrutiny of foreign investment

KANIKA SOOD  |  MONDAY, 30 MAR 2020
Federal Treasurer Josh Frydenberg has announced that all proposed foreign investment into Australia will be subject to regulatory approval to protect national interests during the COVID-19 crisis. The temporary measures, which came into effect on Sunday ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
... afforded to them by overseas managers. "Our new regulatory framework facilitates Australian wholesale access to foreign investment opportunities, preserves market integrity against misconduct in wholesale markets, and strengthens ASIC's ability to take ...

Push for more foreign investment

ELIZA BAVIN  |  FRIDAY, 7 FEB 2020
The Australian government is being urged to promote more foreign investment in Australia. Atlas Advisors is calling on the Australian government to recognise the long-term benefits of foreign investors for the economy by increasing incentives under ...

Chief economist update: China is back on track

BENJAMIN ONG  |  TUESDAY, 23 APR 2019
... previous Politburo tete-a-tete, the latest statement no longer mentioned "stabilising employment, finance, trade, foreign investment, investment and expectations". Instead, central government is shifting its focus back to "reform and opening up" and ...