Start lobbying firb guys.... at least we can block any sale to...

Start lobbying firb guys.... at least we can block any sale to U.S or Chinese vultures!
It’s an Australian company which owns this disruptive OSMR technology, i’de rather sell out to an Aussie company such as Wesfarmers than let these vultures pick us off.



Why is the Government doing this? What risks is the Government trying to protect against?
Australia is being fundamentally disrupted by the coronavirus, including potentially threatening economic security and the viability of critical sectors. Businesses are increasingly under pressure. There will likely be a rise in debt restructuring transactions for Australian businesses, along with opportunities to invest in distressed assets.

Without these changes, it is possible many normally viable Australian businesses would be sold to foreign interests without any government oversight, presenting risks to the national interest.