Is RIO already "nationalised"?, page-4

Our FIRB requires our houses to be sold to Australian residents.... which is good. You need FIRB approval otherwise unless it’s off the plan apartments (which I don’t have an issue with). If you allowed foreigners to buy whatever they want freely you’d fine we’d be almost 100% foreign owned and existing citizens priced out even more than they already are (ie Sydney). That is not a good outcome.

So so you’d like to see RIO taken over so gran’s birthday $500 you invested can double overnight, although it would more likely be 30%. You’d like a Chinese company partially owned by the Chinese government own RIO? So you get a quick buck?

The bidder would subsequently load RIO with debt to the extent of thin cap rules and claim billions is overinflated interest deductions. This would reduce tax receipts for Australia by billions pa whilst those profits are shifted offshore. Hence why these situations are blocked and not in the nations interests. Lesser companies have been blocked by other countries. Think potash in Canada blocking’s BHP. I get it.