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Article: Foreign entry limits relaxed.
- Article from:
- Australasian Business Intelligence
- Article date:
- September 22, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jo Clarke
Sep 22, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The threshold at which Australian mining firms must apply for Foreign Investment Review Board (FIRB) approval for foreign investments has been raised. Specifically the limit beyond which the FIRB investigates foreign investment has been raised from $A100m to $A219m. The move allows about 100 Australian miners to attract investment from foreign backers. However, the exclusion of China's state-run enterprises from the ...