Category: Australian Foreign Investment Regime

Trudeau Stands By Johnston’s Selection Following House Resolution Asking for His Ouster

June 2, 2023
Australian Foreign Investment RegimeCanadaChinaDavid JohnstonJustin TrudeauPierre PoilievreWorldYves-Francois Blanchet
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Prime Minister Justin Trudeau said Friday he stands with special rapporteur David Johnston, who will continue to carry out his mandate investigating foreign interference despite the passage of a House of Commons motion calling for his removal. “He will continue his work in sharing with Canadians the concerns and the solutions around foreign interference. And…

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Trudeau Stands By Johnston’s Selection Following House Resolution Asking for His Ousting

June 2, 2023
Australian Foreign Investment RegimeCanadaChinaDavid JohnstonJustin TrudeauPierre PoilievreWorldYves-Francois Blanchet
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Prime Minister Justin Trudeau said Friday he stands with special rapporteur David Johnston, who will continue to carry out his mandate investigating foreign interference despite the passage of a House of Commons motion calling for his removal. “He will continue his work in sharing with Canadians the concerns and the solutions around foreign interference. And…

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Australia Rejects $300M Chinese-Bid for Construction Giant Probuild

January 11, 2021
AustraliaAustralian Foreign Investment RegimeChinaChina Business & EconomyFIRBforeign investmentInternationaljosh frydenbergWorld
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A multi-million dollar bid by one of the world’s largest construction firms to acquire a majority stake in Australian-based Probuild has been blocked by the foreign investment regulator and Treasurer Josh Frydenberg. The almost $300 million bid by the state-owned China State Construction Engineering Corporation (CSCEC) to acquire an 88 percent stake in Probuild was…

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Australia Launches Campaign to Stop Breaches in Foreign Real Estate Investment

December 22, 2020
AustraliaAustralian Foreign Investment RegimeFIRBForeign Property InvestmentTip-off HotlineTreasurerWorld
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In a move to enhance regulation of foreign investment, the federal government has launched a new campaign urging Australians to dob in foreign residential property purchasers via a dedicated platform run by the Australia Tax Office (ATO). Treasurer Josh Frydenberg is hoping that the Tip OFF campaign will encourage people to report suspicious purchases or…

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