Posted.
March 29, 2020 22: 37:17
All foreign investment in Australia will now need approval in a Federal Government move developed to avoid global raids on struggling companies struck by the coronavirus pandemic.
Key points:
- Every purchase application from foreign financiers will now be scrutinised, regardless of value
- The Government states the steps are necessary to protect the national interest
- However it stated the move was not a financial investment freeze
At the minute, foreig