Category: josh frydenberg

US Trade Reps Urge Australia Not to Rush Google, Facebook Payment Law

January 19, 2021
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U.S. trade representatives have urged Australia to scrap proposed laws that will make it the first country in the world to force tech giants to pay local media companies for news content. Assistant Trade Representatives Daniel Bahar and Karl Ehlers called on the government not to rush the laws and to work towards developing a…

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

January 11, 2021
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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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Labor Concerned Over JobKeeper Reduction, But Treasurer Says Fewer Need Support

January 3, 2021
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National Opposition Leader Anthony Albanese has expressed concern about the reduction from Jan. 4 of the JobKeeper wage subsidy scheme—a federal government measure to cushion the economic impact of the CCP virus. The economic measure was put in place when the pandemic first struck Australia and was intended to help businesses keep workers on the books….

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