Top 20shareholders as 30/06_BR Coming First!, page-41

What I don't understand is why the AU government allows this to happen. The net outcome is the transfer of Australian assets into foreign ownership at the lowest possible price. It is the AU tax payer that will suffer from reduced dividends long term with more of those dividends ending up overseas. The AU government is meant to represent that tax payer. It all seems like a plainly stupid system. As a foreign a foreign investor it is hard to understand a system that provides for capital to be raised at the absolute bottom dollar to favour the foreign ownership of a larger part of the company. PLS have just suffered the same outcome.