Category: Australian Foreign Investment Regime

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

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…


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

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…


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

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…


Australia Launches Campaign to Stop Breaches in Foreign Real Estate Investment

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…