FOREIGN – AUSTRALIA

Immigration to crack down on investor rort

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Original article by Fleur Anderson
The Australian Financial Review – Page: 9 : 11-Sep-14

The Australian Government will make changes to the residency visa program for wealthy overseas investors. Immigration Minister Scott Morrison says the Government is concerned that some foreigners have abused the significant investor visa scheme, which gives them access to Australian residency on the condition that they invest a minimum of $A5 million in Australia for four years. Morrison said some investors have shifted their money out of Australia once they received a visa

CORPORATES
AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION, MACQUARIE GROUP LIMITED – ASX MQG, CREDIT SUISSE (AUSTRALIA) LIMITED, NATIONAL PRESS CLUB (AUSTRALIA), BANK OF CHINA GROUP

Immigration to crack down on investor rort

roymorgansocial Leave a comment

Original article by Fleur Anderson
The Australian Financial Review – Page: 9 : 11-Sep-14

The Australian Government will make changes to the residency visa program for wealthy overseas investors. Immigration Minister Scott Morrison says the Government is concerned that some foreigners have abused the significant investor visa scheme, which gives them access to Australian residency on the condition that they invest a minimum of $A5 million in Australia for four years. Morrison said some investors have shifted their money out of Australia once they received a visa

CORPORATES
AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION, MACQUARIE GROUP LIMITED – ASX MQG, CREDIT SUISSE (AUSTRALIA) LIMITED, NATIONAL PRESS CLUB (AUSTRALIA), BANK OF CHINA GROUP

Visitors spend $30b

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Original article by Jamie Freed
The Australian Financial Review – Page: 9 : 4-Sep-14

A survey by Tourism Research Australia shows that there was an eight per cent increase in international visitors to the nation in 2013-14. The 6.1 million international visitors spent a record $A30.1bn during their time in Australia, which is seven per cent higher than previously. Tim Quinn of Tourism Research Australia notes that the number of nights international visitors spent in Australia fell during the financial year

CORPORATES
TOURISM RESEARCH AUSTRALIA, TOURISM AUSTRALIA PTY LTD, TTF AUSTRALIA LIMITED TOURISM AND TRANSPORT FORUM, TTF AUSTRALIA LIMITED

Virgin’s new directors focus on profitability

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Original article by Damon Kitney
The Australian – Page: 19 : 8-Jul-14

The board of Virgin Australia has been joined by three new directors, representing foreign carriers that hold major stakes in the Australian-listed airline. They are Etihad Airways CEO James Hogan, Air New Zealand (NZ) CEO Christopher Luxon and Singapore Airlines CEO Goh Choon Phong. Hogan said on 7 July 2014 that he and his counterparts at Singapore Airlines and Air NZ will focus on Virgin Australia’s return to profitability

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, AIR NEW ZEALAND LIMITED – ASX AIZ, ETIHAD AIRWAYS, SINGAPORE AIRLINES LIMITED, VIRGIN GROUP LIMITED, TIGER AIRWAYS AUSTRALIA PTY LTD, TIGER AVIATION PTE LTD, MANCHESTER CITY FOOTBALL CLUB, MELBOURNE CITY FOOTBALL CLUB

Goodman agrees cut-price takeover offer

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Original article by Blair Speedy
The Australian – Page: 19/25 : 3-Jul-14

The board of Goodman Fielder has unanimously recommended that shareholders vote in favour of a reduced takeover bid for the Australian-listed food manufacturer. Goodman chairman Steve Gregg said on 2 July 2014 that the offer was still attractive even after foreign suitors Wilmar and First Pacific reduced it by $A0.025 a share to $A0.675

CORPORATES
GOODMAN FIELDER LIMITED – ASX GFF, WILMAR INTERNATIONAL LIMITED, FIRST PACIFIC COMPANY LIMITED, ELLERSTON CAPITAL PTY LTD, PERPETUAL LIMITED – ASX PPT, DEUTSCHE BANK AG