The Australian Government is screening all foreign investment regardless of value or purchaser, amidst concerns that Australian companies vulnerable to COVID could be targeted for takeover by Chinese companies. Previously, acquisitions by non-state-owned companies below a certain threshold is not subject to screening. Questions were raised as to whether Australia is in breach of its various FTAs.
- Odd time to tighten the rules on FDI into Australia
- Australia’s fear of China Inc needs a reality check