Chinese uni students face embassy threats

Original article by Michael Owen
The Australian – Page: 8 : 13-Sep-18

Hugh Sutton from the Adelaide University Liberal Club says there was a lot of intimidating behaviour involving students from China at recent student elections. Chinese students that were campaigning for the Progress Party and who were displaying a banner stating "Jobs not Socialism" say they received a message on WeChat saying that they would be reported to the Chinese Embassy in Canberra. It is alleged the threats were made by other Chinese students campaigning for the International Voice party. Sutton says the Chinese Student Association had "splintered" over the last year, with some members joining International Voice, while others joined the Progress Party.

CORPORATES
ADELAIDE UNIVERSITY LIBERAL CLUB, UNIVERSITY OF ADELAIDE

Foreign money needed for build-to-rent funds, says EY

Original article by Nick Lenaghan
The Australian Financial Review – Page: 39 : 1-May-18

Federal Treasurer Scott Morrison announced restrictions on the purchase of residential property by managed investment trusts in September 2017. Luke McIntosh of Ernst & Young claimed at a property forum on 30 April that the restrictions make it hard to attract the foreign capital needed to get the build-to-rent sector off the ground in Australia. Build-to-rent involves the development of housing from which investors make their profit by retaining it for renters rather than selling it.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, ERNST AND YOUNG, SALTA PROPERTIES PTY LTD

Exploited worker told ‘keep quiet or else’ about underpayment

Original article by Ewin Hannan
The Australian – Page: 7 : 23-Oct-17

The Federal Circuit Court has ordered Haim and Rina Diamond to pay more than $A70,000 after breaching workplace laws. They were found to have underpaid employees – who were primarily foreign students or visitors on working holiday visas – more than $A34,000 over a six-month period. The couple were also accused of providing false and misleading records to Fair Work inspectors and threatening to report an employee to immigration officials for breaching the conditions of her student visa if she did not withdraw a complaint about her wages.

CORPORATES
FEDERAL CIRCUIT COURT OF AUSTRALIA, AUSTRALIA. FAIR WORK OMBUDSMAN, AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION

Foreign apartment buyers to halve

Original article by Michael Bleby
The Australian Financial Review – Page: 31 : 24-Jul-17

The number of new apartments funded by foreign investors in Australia is tipped to fall significantly over the period from 2016 to 2019, according to Master Builders Australia. It attributes the expected decline to federal and New South Wales government curbs on foreign property investors. The MBA also expects foreign investment in new standalone properties to decline, but by not as much as apartment investment. The MBA expects NSW to feel the biggest impact in terms of a decline in new foreign investor-funded apartments, but Tim Lawless of CoreLogic suggests that Victoria instead will be most affected.

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MASTER BUILDERS OF AUSTRALIA, CORELOGIC AUSTRALIA PTY LTD

Global investors moving ASX funds elsewhere

Original article by Myriam Robin
The Australian Financial Review – Page: 31 : 23-Jun-17

Some fund managers suggest that the Australian sharemarket’s 1.6 per cent downturn on 21 June was prompted by foreign investors shifting out of local equities. Meanwhile, Tony Brennan and Mark Tomlins of Citigroup say Asian sharemarkets may be more attractive to international investors at present, given their better prospects for earnings upgrades. Hasan Tevfik of Credit Suisse adds that passive fund managers are likely to reduce their exposure to Australian shares in coming years as the MSCI Asia-Pacific ex-Japan’s weighting toward Chinese and Hong Kong-listed shares increases.

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CITIGROUP PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, MSCI ASIA-PACIFIC EX-JAPAN INDEX, MSCI EMERGING MARKETS INDEX, MSCI INCORPORATED, MACQUARIE GROUP LIMITED – ASX MQG, COMPUTERSHARE LIMITED – ASX CPU, MSCI AUSTRALIA INDEX

Levy a shock for foreign investors: NAB

Original article by James Eyers
The Australian Financial Review – Page: 18 : 16-Jun-17

The Senate Economics Legislation Committee is currently investigating the bill to implement the Federal Government’s proposed bank levy. National Australia Bank CFO Gary Lennon says foreign investors have expressed concern to him about the tax, including the rushed manner in which it has been adopted. Amongst other things, submissions to the committee have argued that the bill should include a "sunset clause" and that the tax should cover foreign banks.

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NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA. SENATE ECONOMICS LEGISLATION COMMITEE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MACQUARIE BANK LIMITED – ASX MBL, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN BANKERS’ ASSOCIATION, ME BANK, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, CUSTOMER OWNED BANKING ASSOCIATION, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN GREENS

Australians say ‘No’ to 100% foreign ownership of Fairfax

Original article by Roy Morgan Research
Market Research Update – Page: Online : 26-May-17

An Australia-wide Roy Morgan Survey has found that 78% of Australians aged 14+ do not want Fairfax Media to be 100% owned by either of the two overseas owned institutions that have lodged multi-billion dollar bids for the company. Meanwhile, 17% of Australians say that overseas-owned institutions should be allowed to buy Fairfax outright. The survey, which was conducted from 22-24 May 2017, also shows that 53% of Australians are in favour of allowing overseas-based institutions to own a minority stake in Fairfax. A larger majority of L-NP supporters (59%) are in favour of this option for Fairfax than ALP supporters (51%). The survey has also found that the internet is now the main source of information for 51% of Australians, compared to 24% for TV and 12% for both newspapers and radio.

CORPORATES
ROY MORGAN RESEARCH LIMITED, FAIRFAX MEDIA LIMITED – ASX FXJ, TPG CAPITAL LP, HELLMAN AND FRIEDMAN

PM to push security ties with India

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 11-Apr-17

Prime Minister Malcolm Turnbull does not expect a free trade deal between Australia and India to be signed any time soon. Turnbull, who is visiting India, noted that there are issues on both sides of the free trade discussion that will need to be overcome before progress towards an agreement can be made. Turnbull and Indian Prime Minister Narendra Modi have agreed on the need for stronger security ties between the two countries, while Turnbull is keen to promote Australia as the premier destination for Indian students wanting to study overseas.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, INDIA. PRIME MINISTER’S OFFICE, AUSTRALIA. DEPT OF EDUCATION AND TRAINING, ADANI ENTERPRISES LIMITED, SKY NEWS, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP, TRANS-PACIFIC PARTNERSHIP, AUSTRALIAN NEWS CHANNEL PTY LTD

Foreign property interest to run strong

Original article by Scott Murdoch
The Australian – Page: 13 : 4-Jan-17

Foreign investors bought $A10 billion worth of Australian commercial property in 2016. Large transactions included the acquisition of Dexus’s Southgate complex in Melbourne by ARA Property Group. The $A578 million transaction was executed in August. JLL CEO Stephen Conry expects strong interest in Australian property among foreign buyers to continue in 2017.

CORPORATES
JONES LANG LASALLE AUSTRALIA PTY LTD, DEXUS PROPERTY GROUP – ASX DXS, ARA PROPERTY GROUP, WOOLWORTHS LIMITED – ASX WOW, INMARK PTY LTD, ASCENDAS PTE LTD, SINGBRIDGE GROUP, COLLIERS INTERNATIONAL HOLDINGS (AUSTRALIA) LIMITED

Foreign banks fill lending void

Original article by Scott Murdoch
The Australian – Page: 23 : 30-Nov-16

Data from the Australian Prudential Regulation Authority shows that the average mortgage balance has risen from $A244,000 in 2015 to $A255,000. However, the value of new home loans grew by only 0.1 per cent year-on-year in the September 2016 quarter. A recent move by Australia’s major banks to reduce their lending to residential developers has also seen the value of offshore banks’ lending to local developers rise from $A1.49bn to $A2.65bn in the last year. Meanwhile, data from the Housing Industry Association shows that sales of new detached homes and apartments fell by 8.2 per cent and 9.2 per cent respectively in October.

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AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, HOUSING INDUSTRY ASSOCIATION LIMITED, MORNINGSTAR PTY LTD