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FOREIGN INVESTMENT: Stronger rules needed on foreign investment

Patrick J. ByrneSep 13, 20085 min read

The Government is finding its foreign investment rules inadequate, given the sudden big jump in foreign investment from China. Patrick J. Byrne reports.While Australia is struggling to find a policy to handle foreign sovereign wealth fund (SWF) investments from countries like China, Germany has acted decisively to restrict SWF investment in local companies.Sovereign wealth funds are government-owned investment companies from countries such as Russia, Singapore, China…

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