An overhaul of Australia's foreign investment criteria will provide greater certainty for inbound investors and should not be subject to an "element of scaremongering" about Chinese state-owned enterprises and private investments. That is the opinion of Frank Castiglia and Simon De Young, partners at law firm Baker & McKenzie, who say a "balanced view" of the foreign investment changes is required. Legislation was passed last week to replace the Foreign Acquisitions and Takeovers Act, marking the biggest change to the regime in 40 years. The changes, administered by...
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