Federal Treasurer Drafts New Foreign Investment Laws Amid Concern Over Chinese Ownership

Federal Treasurer Drafts New Foreign Investment Laws Amid Concern Over Chinese Ownership
Federal Treasurer Josh Frydenberg arrived for a press conference on June 11, 2020 in Canberra, Australia. Sam Mooy/Getty Images
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Foreign investors will face tough national security checks designed to protect Australia’s critical assets from falling into the wrong hands.