Chinese giant links up with Virgin Australia

  China’s biggest private airline operator is set to take a stake in Virgin Australia in a tie-up that will help the Australian airline tap the booming Chinese travel market. Virgin – Australia’s second-biggest carrier behind Qantas – on Tuesday unveiled a strategic commercial alliance with China’s HNA Group. The Chinese aviation giant will also…

Farmers billed for water stored in own dams

Farmers believe they have been wrongly charged for water stored in their dams. FLEURIEU Peninsula farmers have been hit with their first bills for water stored in their dams and believe they are being wrongfully charged for water for stock and household use. The bills, issued by the Western Mount Lofty Ranges Natural Resource Management…

Calls for public feedback on national register for foreign-owned water

The Federal Government has revealed further details on its plan to introduce a national register of foreign-owned water entitlements. It wants to collect details on the investor’s nationality, if it is a foreign government, the water entitlement volume and type and where the resource is located. The Government has released a consultation paper on the…

Chinese banks 1.7b trillion debt time bomb

Chinese banks are looking down the barrel of a staggering RMB 8 trillion – or $1.7 trillion – worth of losses according to the French investment bank Societe Generale. Put another way, 60 per cent of capital in China’s banks is at risk as authorities start the delicate and dangerous process of reining in the…

Chinese companies claim they are “treated unfairly” by Australia 

China‘s state-owned companies may be deterred from investing in Australia because they are being treated unfairly, a Chinese business leader says. Chairman of the China Chamber of Commerce in Australia, Hu Shanjun, said Australia was still a popular place for Chinese groups to invest, but that could change. Mr Hu, who also heads the Bank…

Maritime authority knew Australian workers would be replaced with foreign workforce

Maritime authority knew Australian workers would be replaced with foreign workforce on Alcoa’s MV Portland, Senate committee hears The Australian Maritime Safety Authority (AMSA) was aware an Australian crew would be removed from the cargo ship MV Portland three weeks before they were escorted off and replaced with foreign workers, a Senate committee has heard….

China state firm buys Taralga wind farm

The Chinese state-owned utility State Power Investment Corp has deepened its investment in Australian renewable energy assets, buying the 107MW Taralga wind farm in NSW for $300 million, just months after agreeing to the $2.5 billion acquisition of Australian renewable company Pacific Hydro. The Taralga wind farm, which has a 10-year power purchase agreement with…

Almost 6,000 farmers granted welfare payments in last year, FOI documents show

Almost 6,000 farmers have received welfare payments since July last year, with the highest uptake in safe Nationals seats. National Farmers’ Federation ask if eligibility criteria for loans too strict Freedom of Information documents show the most farmers to receive the Government’s Farm Household Allowance (FHA) — 95 — were from Griffith, a major citrus…

Security experts issues warning on Chinese investment 

Australian politicians should not be dazzled by Chinese money when selling critical infrastructure, such as ports and electricity networks, an international security and policy expert has warned. Peter Jennings, head of the Australian Strategic Policy Institute and leader of the expert panel advising the Government on its recent Defence White Paper, said national security interests…