The crackdown follows an indefinite restriction slapped on foreign investment bids in March, after several Chinese-owned companies in Australia were linked with exporting tonnes of medical supplies and shipping them back to China.
“It is vital that the government have the ability to call in an investment before, during or after acquisition for review if it raises national security concerns.” Nationals MP George Christensen has urged the Prime Minister to threaten to force China to divest the asset, a suggestion Mr Morrison has brushed off.“Australia has an enviable track record when it comes to welcoming foreign investment from around the world,” he said.
• A time-bound power that will enable the Treasurer to ‘call in’ an investment before, during or after an acquisition for review if it raises national security risks and was not captured by the sensitive national security businesses’ definition. Mr Irvine has previously led the nation’s top spy agencies as a former Director‑General of the Australian Security Intelligence Organisation and the Australian Secret Intelligence Service.
China can take a flying leap. Bunch of control freaks. We should never allowed ourselves to be so involved. Time to exit...Now!... Plenty of other partners.
India won, China lost the battle
Ban foreigners from homeownership in Australia as well please. They only exacerbate already high property market speculation, compounding negative gearing tax handouts. auspol
And now include domestic homes as well! There is no reason, other than jacking up house prices, that we still allow houses to be purchased by non Australians.
No warries, India will be the next best friend. More and more Indian students and visitors will come and replace Chinese dollar!!!!
That’s taken a while. Have the Righties had time to move their money?
So they would be angry at a country looking after itself? I think you’re over inflating the issue.
Does that only apply to AustralianLabor states and govrenments?
About time we stopped selling off to foreign entities. 👍
I'm failing to see the problem
Hip hip horray 👏
Just sticking up for and protecting normal everyday universal rights.
👏👏
Great news.
About time, thank god ,it only took a pandemic that the perpetrator of the take overs started.
China has pretty tight restrictions on who can own anything. Most other countries do as well
These investors from China have lost their interests already due to colossal geopolitical risk and uncertainty.
Don’t be fooled. It’s just appearance for public eyes to cover up politicians’ political gain from somewhere else.
40 years too late, Australia decides to be sensible.
Thats good news, cuz if the dependence of Australia on China were to go on, China would almost colonise Australia economically, converting it into a communist one, with the CCP killing & supressing people which they have been doing since 1940s. ChineseVirus ChinaLiedPeopleDied
Fck China and fck their 99 yr Lease on the Darwin port..
What? China's going to be peeved at their inability to infiltrate and continue their soft takeover.
Excellent
What took so long?
Finally. Time for Australia to ween itself off the Yuan.
Great work ScottMorrisonMP
China can go jump. We will find other markets.
Excellent decision! It would unimaginable for any foreigner to own prime land in China, so they can’t have it both ways.
About time government politicians & publicservants started taking seriously that overseas ownership of Australian land & businesses is not for take over sale as taxpayers are watching Accountability transparency auspol ABCnews wapol wanews WestAusParty BuzzFeed
These laws need the possibility of being retrospectively enforced for national security reasons as well, they don't go far enough in protecting strategic assets.
Get rid of Chinese bondage, hurry up.
Hallelujah !!!!!
ChinaLiedPeopleDied
It’s a start anyway.
Love it! Now to part B and take back all the land, businesses, infrastruture and houses purchase by the Chinese in retbution for the China Virus
Asian life matters?
Security threat? Unbelievable hysteria. Self fulfilled prophecy. Trade breakdown is another step down the warpath. Why?!
How much infrastructure does australia hold in China again?
Coronavirus Plandemic=complete societal transformation and global economic reset. It couldn't be any more 'related'. ControlledEconomicDemolition CentralizedDigitalGlobalCurrency Cashless UBI SocialCreditScore 24HourSurveillance ChinaIsTheBlueprint Agenda2030 1984IsHere
Chazi
Too little, too late If only someone had thought of that before we had: sold off leased off brokered away & simply given away our manufacturing, resources & land & not just to China...
Protecting national security is set to inflame tensions....wtf? Am I reading this right? Who cares if you hurt their precious little feelings.
Oh but we need there investments,. Look what that got us, locking out first home buyers, buying up our food bowl , controlling our ports the list goes on. Too bloody late
It’s about bloody time.....
Fuck China!
Should of being done 20 years ago even better shouldnt of being done in the first place we are the only country in the world letting china buy everything we cant owe anything of theres or live or buy houses there
Glad to see that Australia is beginning to try to stop the hemorrhaging of sovereign treasures to a genocidal regime that is bent on infiltrating the entire country. ScottMorrisonMP
Good
good on us.
This was long overdue but I’m glad the Australian government is taking action. This should ease any worries from hostile takeovers from China.
AUSTRALIA - STOP SELLING YOUR ISLAND TO THE CHINESE! AUSTRALIA BELONGS TO THE ABORIGINALS. WHITE SETTLERS AND IMMIGRANTS ARE HAPPILY LIVING ON THE ISLAND SIDE BY SIDE WITH THE ABORIGINAL. DONT RUIN IT BY SELLING AU TO CHINA, INSTEAD CLOSE THE GAP BETWEEN BLACK AND WHITE.
Just more rubbish LNP lip service. Water licenses still exempt from FIRB eyes and getting snapped up by China for a song at the moment🙄
So they should & it’s about time! If a country/organisation is actively working to try to negatively impact our economy or disadvantage our growers & manufacturers then they aren’t friends. They need to understand & respect the fact that we are not in a one sided relationship!
Oh dear, how sad, nevermind.
China already has stake in much of our country anyway..so they are 40 years too late.
Nice thought, but a bit fucking late. Should have thought about this 20 years ago.
Fantastic news. Good to see Australia finally bolstering it’s national security.
Are we racist in doing this because you haven't laid that one out for about 2.5 minutes
F*ck China.
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