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Foreign ownership of our resources and businesses.
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<blockquote data-quote="Hawkear" data-source="post: 656578" data-attributes="member: 4728"><p>Another consideration would be to define only privately owned companies as being defined by their country of origin such as Huawei (China) IKEA (Sweden) ALDI & BOSCH (Germany). </p><p>In Oz our large privately owned companies like Visy recycling, Hancock prospecting, Cotton On etc are dwarfed on the world stage. Our publicly listed companies like BHP, CBA, CSL etc fare somewhat better.</p><p>Whilst the ownership identity of these ASX listed companies can be smudged by having overseas shareholders on their books, the company must comply with Australian common and company law, ASX listing rules, pay its required taxes, and have its books and much of its operations open to public scrutiny.</p><p>With the ability of foreign interests to become ASX company shareholders the definition of what makes a company ”Australian” may always be a moot point. There is no denying however that a small shareholder in an ASX listed company can have his or her say in the running of that company through mandatory meetings. For a small shareholder that might not be much of a say, but then probably in reality better than a person has in the running of Australia through their single vote.</p></blockquote><p></p>
[QUOTE="Hawkear, post: 656578, member: 4728"] Another consideration would be to define only privately owned companies as being defined by their country of origin such as Huawei (China) IKEA (Sweden) ALDI & BOSCH (Germany). In Oz our large privately owned companies like Visy recycling, Hancock prospecting, Cotton On etc are dwarfed on the world stage. Our publicly listed companies like BHP, CBA, CSL etc fare somewhat better. Whilst the ownership identity of these ASX listed companies can be smudged by having overseas shareholders on their books, the company must comply with Australian common and company law, ASX listing rules, pay its required taxes, and have its books and much of its operations open to public scrutiny. With the ability of foreign interests to become ASX company shareholders the definition of what makes a company ”Australian” may always be a moot point. There is no denying however that a small shareholder in an ASX listed company can have his or her say in the running of that company through mandatory meetings. For a small shareholder that might not be much of a say, but then probably in reality better than a person has in the running of Australia through their single vote. [/QUOTE]
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Foreign ownership of our resources and businesses.
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