Scott Morrison knocks back sale of S. Kidman & Co due to ‘national interest’

  The Federal Treasurer has all but knocked back the current proposal for the sale of Australia’s largest cattle empire to a foreign-led consortium. Key points: Treasurer says there’s still ‘significant’ Australian interest in Kidman and Co Company says Australian buyers could not match foreign offers Company prefers to sell to Dakang Australia Holdings for…

New taxes to regulate China steel supply

  Australia has taken a stand against Chinese steel dumping with the introduction of import taxes to prevent the oversupply of China-made steel. The government has accepted two recommendations from the Anti-Dumping Commission to impose duties on steel reinforcing bars and rod in coils that are made in China and imported into Australia. “This is…

Bank inquiry would hit Aussie living standards, says bank boss – Oh really???

A ROYAL commission into banks would damage the economy, undermine confidence in the nation and potentially hit living standards, the boss of Australia’s biggest bank says. Commonwealth Bank chief Ian Narev says good policy must be at the centre of the coming federal election debate, not “slogans and sound bites”. “CBA chief Ian Narev is…

WE NEED ONE MILLION SIGNATURES TO STOP THE SALE OF OUR LAND & WATER ASSETS TO FOREIGN INTERESTS

https://www.communityrun.org/petitions/we-need-1-million-signatures-to-stop-the-sale-of-our-land-water-assets-to-foreign-interests?bucket&source=facebook-share-button&time=1460969086   TO: THE PRIME MINISTER, THE FEDERAL TREASURER, FEDERAL PARLIAMENT AND THE FOREIGN INVESTMENT REVIEW BOARD Start acting in the “Best Interest” of our nation by legislating that all foreign investment in or ownership of Australian Assets, whether it be from private individuals, corporations or governments should be assessed on the same basis and…

Chinese billionaire Xingfa Ma buys $47m worth of Australian cattle stations

July 16, 2015 The newly acquired 705,700 hectare station is believed to be purchased with 40,000 head of cattle. Photo: Glenn Campbell A Chinese billionaire has bought two large Australian cattle stations for $47 million in at least the third deal this year involving a Chinese investor buying into the country’s farmlands. Xingfa Ma, who…

Australian government doesn’t have a “bloody clue” about food security.

Feb 25, 2016 An Australian entrepreneur whose bid to buy the country’s largest dairy, but which was snubbed in favour of a Chinese interest, has launched a scathing attack on the federal government, saying it doesn’t have a “bloody clue” about food security. Jan Cameron, founder of Kathmandu, now fears that the strategic purchase of…