Australia to double foreign investment fees, penalties

Australia will double the fees for foreign investors looking to buy assets in the country, Treasurer Jim Chalmers said on Friday, as he grapples with protracted budget deficits and seeks to boost government revenue.

Chalmers said he continued to back foreign investment in Australia but he had to make the decision due to “the state of the budget we have inherited from our predecessors.” Chalmers earlier this week warned the country’s economic picture would be “confronting” as the government prepares to release updated economic forecasts to parliament on July 28 to account for faster inflation and rising interest rates.

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Caisse admits $150-million investment in bankrupt Celsius 'raises a number of questions'Pension manager breaks its silence and says it will \u0027take time\u0027 to resolve claims around the failed cryptocurrency lender. Read more here thedave2006 😂 Why need to admit. It was in their public news release when they invested in Celsius.
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