Australia's investment regime for foreign governments and their agencies
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clpstaff &clp articlesChambers & CompanyLouise Le Yi [email protected] has emerged as the third-largest source of foreign investment into Australia with…
Chambers & Company
Louise Le Yi Gong
[email protected]
China has emerged as the third-largest source of foreign investment into Australia with projects worth over A$34 billion (US$31.5 billion) submitted to the Australian Foreign Investment and Review Board (FIRB) for approval over the past 18 months. The most high profile proposals being made by Chinese state-owned enterprises (SOEs) are in the resources sector as China moves to secure long term supply of natural resources. In response to the increased volume of applications, the Australian government has recently moved to clarify Australia's foreign investment regime as it applies to foreign government investments.
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