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.
https://michaelwest.com.au/a-royal-commission-into-scott-morrison-he-sold-off-the-farm-in-secret/
$20M Outbound Investment Initiative in U.S. Government Package CFIUS Reviews Crypto Lender, and SEC Objects to Related $1B Acquisition CFIUS Orders Clean Energy Firm Divestiture CFIUS Finishes Review of $2.5M Purchase of U.S. Farmland Outside of Air Force Base U.S. Federal Court Upholds Decision to Ban China Telecom Canada Bans Non-Canadians fr...
“FIRB approved the $4bn takeover and the Northern Beaches Hospital was bound for control in a tax haven from that moment.”
Time to review the effectiveness of the Foreign Investments Review Board in protecting the national interest?
#auspol #FIRB #privatisationfail
https://michaelwest.com.au/the-nsw-government-the-feds-the-caymans-and-australias-worst-privatisation-unveiled/
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
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