The federal government has formally rejected a recommendation to tighten the rules around foreign investments, despite a Senate committee hearing evidence voluntary undertakings are being flouted by overseas companies. Labor, the Greens and Independent Senator Rex Patrick last year recommended undertakings made as part of a foreign investment application be enforceable as conditions on an…

The post Govt rejects call to tighten foreign investment conditions appeared first on InnovationAus.com.

This post was originally published on InnovationAus.com.