A little known story behind ex PM Scott Morrison appointing himself treasurer was his ability to approve massive sales of assets to foreign interests.

#Sydney Airport and electricity giants, AusNet and Spark Infrastructure are now foreign - All approved by Morrison in his role as treasurer.

#Auspol #FIRB

https://michaelwest.com.au/a-royal-commission-into-scott-morrison-he-sold-off-the-farm-in-secret/

The weekly #investmentscreening news round up is back after a holiday pause (as ever, drafted by the fantastic Gabriella Couloubaritsis). Lots of US news this week - #outbound appropriation, #binance #fufeng #borqs plus some interesting news out of #Canada (2 year pause on #realestate sales to foreigners) and #Australia (#FIRB approval of #mining deal). Read more here: https://investmentscreening.princeton.edu/news/2023/20230109-ism-roundup

Michael West adds weight to journalism when the real new is light.
https://www.youtube.com/watch?v=Tf_TJjuIGkY
#Australia, #FIRB, #governmentrevenuetakesahit, #economics

According to Michael West, FOI requests show that Morrison became Treasurer in secret so he could control the Foreign Investment Review Board (#FIRB) & that he actually used those powers to secretly approve foreign takeover deals, including:
- Sydney Airport: $24bn
- AusNet: $20bn
- Spark Infrastructure: $5.2bn

#auspol #morrison
https://michaelwest.com.au/a-royal-commission-into-scott-morrison-he-sold-off-the-farm-in-secret/?fbclid=IwAR385u-R7w1r1pMGzXg-qfuAwJ7neXgiiJOiEtplBhu90D8Bbk434_7JIxI