Australia’s foreign investment regulator said Canberra had a clear preference for foreign investments in its large companies to be kept below 15 per cent in comments that will be greeted warily by Chinese investors wanting to expand in the country’s resources sector.
In a rare public address, Patrick Colmer, a director of FIRB, also said the government liked foreign investments to be done in collaboration with Australian companies and that foreign investments in “green field” or early stage projects should be below 50 per cent.
