Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Foreign Investment Register welcomed



Download PDFDownload PDF

TAMWORTH OFFICE SHOP 5, 259 PEEL STREET, TAMWORTH 2340 PH: 02 6761 3080 OR TOLL FREE 1300 301 839 FAX: 02 6761 3380 INVERELL OFFICE 88 OTHO STREET, INVERELL 2360 PH: 02 6721 0144 FAX: 02 6721 0288 ALL MAIL PO BOX 963, TAMWORTH NSW 2340 EMAIL: Tony.Windsor.MP@aph.gov.au WEB: www.tonywindsor.com.au

TONY WINDSOR B.Ec MP INDEPENDENT FEDERAL MEMBER FOR NEW ENGLAND

PARLIAMENT OF AUSTRALIA HOUSE OF REPRESENTATIVES

Media Release

October 23, 2012

Foreign Investment Register welcomed The announcement of a “Foreign Investment Register” by the Prime Minister today has been welcomed by the Independent Member for New England, Tony Windsor. Mr Windsor believes that such a register will provide Australians with facts about the level of foreign ownership and where the foreign ownership comes from. He is on record expressing concerns over foreign state owned entities acquiring Australian businesses and looks forward to an accurate register of these and other interests. He says that transparency is a good thing. “A Foreign Ownership Register will provide the Australian people with a high level of transparency and confidence about the important issue of sovereignty and the fear of being ‘bought out’ or ‘taken over’. “Much misinformation has been peddled about foreign ownership particularly of our agricultural land creating suspicion and angst among many people. “Foreign investment has played a major role in the development of Australia so the establishment of this register will provide the Government and more broadly, the Australian people with accurate information that can assist in policy development and allay concerns about our sovereignty. “I welcome the Prime Minister’s announcement,” Mr Windsor said.