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Originally Posted by Franco Cozzo
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This is going to impact our allies more than China if you look at DFAT stats. Unless of course the rule only applies to China....which they could very well make it to be, no one will really know.
Its not retrospective, so this Darwin Port saga will remain.
I'm not sure about the power to force owners to sell. I think that is going to hurt us. Investors will see Australia as having massive sovereignty risk. Would Indonesia, India, Singapore want to invest, knowing that our Gov can change their minds tomorrow and force them to sell? With this bill, a change of government or treasurer could force you to sell. Sounds a bit like investing in African mines.