Sign to Stop Predatory Foreign Ownership
On the 25th of March 2020, One Nation leader Senator Pauline Hanson wrote to the Prime Minister and Treasurer asking them to stop all predatory foreign investment in the wake of the coronavirus.
To date, the Government has taken next to no action and many Australians continue to suffer at the hands of predatory foreign investors.
If you are fed-up with the Government’s failure to protect Australians from these international vultures then add your name to the list of Aussies who have decided enough is enough!
If foreign investors fail to meet their obligations to the Australian public, there must be consequences.
To the Honourable President and members of the Senate in Parliament assembled:
The petition of the undersigned shows:
Foreign investment by Chinese State-owned enterprises and companies has exposed the weakness of Australia's foreign ownership laws. All foreign ownership should benefit Australia.
Currently over 50% of wholesale trade, over 40% of manufacturing, over 35% of mining, and over 25% of electricity businesses in Australia are foreign owned.
This dangerous level of foreign ownership is damaging Australia’s economy and creates an unacceptable threat to our national security.
Your petitioners ask that the Senate:
Take immediate steps to protect Australians from the negative effects inflicted on them by the current level of foreign ownership and ensure that the rules, regulations and transparency requirements governing foreign ownership in Australia are significantly strengthened.