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Foreign-investment scrutiny in Australia increases dramatically in response to Covid-19

By Marissa Lague ( April 2, 2020, 03:43 GMT | Insight) -- Foreign investment in Australia will be subjected to a higher level of scrutiny, at least on a temporary basis, while the country’s businesses grapple with the economic fallout from the Covid-19 pandemic. The interim change will be achieved by reducing to zero the monetary screening thresholds for all foreign investments, allowing the government to have oversight of all proposed foreign investment. The changes could see the timeline of some investment reviews extended by six months. Foreign investment in Australia will be subjected to a higher level of scrutiny, at least on a temporary basis, while the country’s businesses grapple with the economic fallout from the Covid-19 pandemic....

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