Foreign investment by state-owned entities

Foreign investment by state-owned entities

17 September 2009

© Commonwealth of Australia 2009
ISBN 978-1-74229-149-9

View the report as a single document - (PDF 863KB)


View the report as separate downloadable parts:

Membership of Committee (PDF 41KB)
 
Executive Summary (PDF 15KB)
 
Chapter 1 - Introduction and conduct of inquiry (PDF 36KB)

Referral of inquiry
Terms of reference
Conduct of inquiry
Terminology
Previous inquiry related to this reference
Current inquiry
Structure of report

 
Chapter 2 - Foreign investment in Australia (PDF 281KB)

Current levels of foreign investment in Australia
Foreign investment in Australia's resource sector
Foreign investment and sovereignty over natural resources
Public attitudes towards foreign investment
Adjusting to new global capital flows

 
Chapter 3 - Administration of foreign investment in Australia (PDF 141KB)

History of foreign investment regulation in Australia
Foreign Investment Review Board
Timeframes for review
Applying conditions to approvals
Other frameworks for regulating foreign investment
Restrictiveness of Australia's foreign investment regime
Recommendations from the Percentage Players report

 
Chapter 4 - Sovereign wealth funds and state-owned entities (PDF 202KB)

Characteristics of SWFs
Examples of Sovereign Wealth Funds
International Working Group of Sovereign Wealth Funds and the Santiago Principles
State-owned entities
Chinese capital and China's outbound investment
China's 'going out' strategy
Commercial imperatives of Chinese SOEs
Regulation of SOEs

 
Dissenting Report by Senators Joyce, Ludlam and Xenophon (PDF 137KB)

Introduction
Foreign investment trends
China's rise
Potential political consequences of foreign investment – 'The elephant in the room!'
National Interest Test
Human Rights
Corporate governance dangers
Risks to Competition
A case of reciprocity
Conclusion

 
Appendix 1 (PDF 24KB)

Submissions Received
Additional Information Received

 
Appendix 2 - Public Hearings and Witnesses (PDF 12KB)
 
Appendix 3 - Treasurer's 2008 guidelines for assessing proposals by SOEs (PDF 16KB)
 
Appendix 4 - Major Chinese government-related investments in Australia (PDF 21KB)

For further information, contact:

Committee Secretary
Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
Email: economics.sen@aph.gov.au