FOREIGN – GOVERNMENT POLICY – AUSTRALIA

Unis capped at 40pc overseas students

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Original article by Julie Hare
The Australian Financial Review – Page: 3 : 6-Aug-24

Sources within the federal government have indicated that it proposes to enforce new caps on international student numbers from the start of 2025. Labor is expected to announce specific caps for each university and college within days, but they will be required to limit foreign student numbers to 40 per cent of their total enrolment. The proposed caps will be based on 2019 figures, when there were 671,200 foreign students in Australia; this compares with an estimated 780,100 in 2024. Sydney University, Monash and RMIT are among at least 10 universities that currently exceed the cap.

CORPORATES
AUSTRALIAN LABOR PARTY, UNIVERSITY OF SYDNEY, MONASH UNIVERSITY, RMIT UNIVERSITY

Tax breaks to fast-track big projects

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Original article by Simon Benson
The Australian – Page: 1 & 6 : 14-Nov-19

The federal government will provide a concessional tax rate of 15 per cent for foreign investments in qualifying infrastructure projects that are worth more than $500m. This will include ­energy, transport, water and communications projects. Meanwhile, Treasurer Josh Frydenberg will use the Sir John Downer Oration in Adelaide on 14 November to urge greater co-operation between the federal and state governments to address inefficiencies in the economy. He will also stress the need for responsible fiscal management.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY

Foreign cap on Qantas needs axing: Joyce

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Original article by Mitchell Bingemann
The Australian – Page: 29 : 16-Sep-16

Qantas CEO Alan Joyce says the airline is being disadvantaged by ownership restrictions because they prevent it from participating in global consolidation in the sector. He has called on the Federal Government to make changes to the Qantas Sale Act. Peter Harbison, the executive chairman of CAPA-Centre for Aviation, says restrictions on foreign ownership amount to protectionism.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, CAPA – CENTRE FOR AVIATION

Chinese investors wary on house buying

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 8 : 25-Aug-15

Chinese real estate investors are reacting to Treasurer Joe Hockey’s crackdown on illegal purchases. They are becoming more cautious as they seek information about investment rules for residential property, according to Asian property agent House 18’s Michael Zhu. Many agents are advising Chinese investors to contact a lawyer before proceeding.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN TAXATION OFFICE, THE REAL ESTATE INSTITUTE OF AUSTRALIA LIMITED, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE, FINANCIAL INDUSTRY REGULATORY AUTHORITY INCORPORATED, CBRE GROUP INCORPORATED, BLACK DIAMONDZ PROPERTY CONCIERGE, HOUSE 18

‘No way’ to a Glencore-Rio merger: Hockey

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Original article by Amanda Saunders
The Australian Financial Review – Page: 17 & 22 : 9-Apr-15

The prohibition on Glencore executives commenting on a bid for Rio Tinto lapsed on 8 April 2015, six months after Rio rejected a takeover approach. Glencore is tipped to make another bid for Rio, but Australian Treasurer Joe Hockey is believed to have explicitly ruled out Federal Government approval for such a deal. His comments are said to have been made at a private meeting with business leaders and mining industry executives in late March

CORPORATES
RIO TINTO LIMITED – ASX RIO, GLENCORE PLC, AUSTRALIA. DEPT OF THE TREASURY, MINERALS COUNCIL OF AUSTRALIA, BUSINESS COUNCIL OF AUSTRALIA, BHP BILLITON LIMITED – ASX BHP, ARCHER DANIELS MIDLAND COMPANY, GRAINCORP LIMITED – ASX GNC, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, ALUMINIUM CORPORATION OF CHINA LIMITED

China poised to boost investment in Australia

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Original article by Scott Murdoch, Annabel Hepworth, Wang Yuanyuan
The Australian – Page: 19 : 3-Feb-15

China’s State Council has ruled that the nation will use its $US3trn ($A3.9trn) worth of foreign currency reserves to make investments overseas. The targets will include major infrastructure projects, and Australia is set to be among the nations benefiting from the inflow of funds. The groundwork was laid by the Australian Government’s recent signing of a new free trade agreement with China. However some uncertainty remains on the issue of Chinese state-owned enterprises needing approval from Australia’s Foreign Investment Review Board for large asset purchases

CORPORATES
AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, CHINA. STATE COUNCIL, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD, HSBC AUSTRALIA HOLDINGS PTY LTD, CORRS CHAMBERS WESTGARTH, INFRASTRUCTURE PARTNERSHIPS AUSTRALIA, QINGHUA UNIVERSITY

Tax breaks to be reintroduced

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Original article by Phillip Coorey
The Australian Financial Review – Page: 3 : 13-Oct-14

The Australian Government will unveil its National Industry Investment and Competitiveness Agenda on 14 October 2014. The policy includes unwinding the Australian Labor Party’s changes to regulations governing employee share schemes and changes to the significant investor scheme to ensure that money is invested in sectors of the economy where it is needed. The Government will also encourage greater co-operation between the business and education sectors

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF INDUSTRY, AUSTRALIA. OFFICE OF THE CHIEF SCIENTIST