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Foreign ownership of our resources and businesses.
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<blockquote data-quote="Hawkear" data-source="post: 656553" data-attributes="member: 4728"><p>I take your point there Goldierocks, but have to say that we own a significant holding of shares in Vanguards top 300 Australian ASX listed companies index fund (VAS) for our superannuation.</p><p>The way that fund works is to just buy shares in all the top 300 Australian companies in a proportion to their market capitalization.</p><p>The fund does not seek to takeover a company nor is even a majority shareholding ever likely. Furthermore many of the Vanguard shareholders like us would probably be Australians expressing confidence in and seeking to invest in a broad spectrum of our own ASX listed companies.</p><p>This is a very different scenario to that of a foreign equity company like Brookfield seeking a full takeover of an Australian company. In that case the future direction of that company would be determined by a foreign board in the interests of their shareholders rather than a board elected under Australian regulations and environment.</p><p>It also gives great opportunity for the Australian tax system to be ripped off as has been the general history with multinationals.</p></blockquote><p></p>
[QUOTE="Hawkear, post: 656553, member: 4728"] I take your point there Goldierocks, but have to say that we own a significant holding of shares in Vanguards top 300 Australian ASX listed companies index fund (VAS) for our superannuation. The way that fund works is to just buy shares in all the top 300 Australian companies in a proportion to their market capitalization. The fund does not seek to takeover a company nor is even a majority shareholding ever likely. Furthermore many of the Vanguard shareholders like us would probably be Australians expressing confidence in and seeking to invest in a broad spectrum of our own ASX listed companies. This is a very different scenario to that of a foreign equity company like Brookfield seeking a full takeover of an Australian company. In that case the future direction of that company would be determined by a foreign board in the interests of their shareholders rather than a board elected under Australian regulations and environment. It also gives great opportunity for the Australian tax system to be ripped off as has been the general history with multinationals. [/QUOTE]
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Foreign ownership of our resources and businesses.
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