Treasurer Josh Frydenberg says the government’s new “precautionary measure” on foreign investment in Australia is to protect its citizens from economic instability through the coronavirus pandemic. The treasurer revealed the threshold for foreign investment proposals would be radically changed on Monday in an effort to protect the nation’s economy as more local businesses continued to close due to new restrictions imposed to curb the spread of the virus.
Mr Frydenberg told Sky News the "threshold" which previously allowed foreign companies to make investment purchases above $1.2 billion would be removed “completely”. “The announcement today will see, as a precautionary measure, all foreign investment proposals scrutinised subject to my approval,” he said. “What Australians are learning through this crisis is the government has their back.
JoshFrydenberg Everywhere will get blocked but China will get rubber stamped
JoshFrydenberg They should have done that years ago and put Australia first for the industry's.
JoshFrydenberg I couldn’t ageee more with Mr. Frydenberg
JoshFrydenberg Josh FryDaFigures who said we had a surplus last year but we didn't. Josh just spend the surplus you imagined to get us out of trouble. Good thing about making it up is you can make it larger and we can all be rich. Clown.
JoshFrydenberg 'Treasurer JoshFrydenberg says..' 🤣😂🙂🤣🤣🤣
JoshFrydenberg This is a token measure. Will not stop the damage.
JoshFrydenberg What is the difference between foreign investment to outright purchase and ownership?
JoshFrydenberg Communist China must be made to pay reparations to the world!! They lied & concealed this disaster! ScottMorrisonMP LiberalAus should be sending Communist China the bill!
JoshFrydenberg Blah blah blah... present and past pollies are the one who allowed the great sell off of our country... deliberate destruction, get rid of manufacture, destroy our food bowl, farming, farmers, UN Agenda21/2030.. they have zero credibility.
JoshFrydenberg Some great news for once! And the damaging policies of the past Connie's like Daniel Andrews can be reversed during these unprecedented time...
JoshFrydenberg A good move.
JoshFrydenberg Smile Josh😊
JoshFrydenberg Imperial College study said that COVID-19 could kill 500,000 Brits, recent testimony, Neil Ferguson, head of the group behind the study, put the no.below 20,000 lying alarmist & ridiculous predictions!
JoshFrydenberg No more foreign ownership ever again!!!
JoshFrydenberg You’ll still sell when you’re desperate. What difference does it make?
JoshFrydenberg Isn't it a bit late? horsehasbolted
JoshFrydenberg Too little too late ,as they've shipped everything back there before this coronavirus was released by CCP
JoshFrydenberg Well there’s the plate. You’ve step up. Now let’s see if you strike out
JoshFrydenberg
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JoshFrydenberg FTAs
JoshFrydenberg Well..lets start by buying back everything that we sold to china! And sanction them too!