Approvals of foreign takeovers of local companies often take place in the dark, but a Senate report has shed light on the problem and calls for reform.
This year, Australia’s foreign investment rules were overhauled in what was touted as their most significant reform in decades. But a Senate report released on Friday afternoon warns that far more needs to be done.
The report, “Greenfields, cash cows and the regulation of foreign investment in Australia,” is littered with evidence that the public is too often kept in the dark about foreign investment decisions.
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Adele Ferguson is a Gold Walkley Award winning investigative journalist. She reports and comments on companies, markets and the economy. Connect with Adele on Twitter. Email Adele at adele.ferguson@theage.com.au
