"Federal Treasurer Joe Hockey has scrapped a set of foreign ownership conditions stopping the Chinese company Yanzhou from taking full ownership of an Australian coal miner"
Hi Brightgreenglow
The FIRB are not empowered to block foreign ownership. The FIRB can only make a recommendation to the federal treasurer.
in the above example the federal treasurer allowed 100% Chinese ownership of a coal asset.
An iron ore asset could be treated similarly.
"Federal Treasurer Joe Hockey has scrapped a set of foreign...
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