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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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Australia | Publication | May 2020
In welcome news for the private sector and local councils, the Queensland Government announced on 19 May 2020 the Queensland Economic Recovery Strategy: Unite and Recover for Queensland Jobs to underpin the Government’s additional support to reinvigorating the Queensland economy.
The focus: building jobs for Queenslanders. The keys to success: a further investment in the infrastructure pool and continuing to develop a close partnership between the public and private sectors.
In addition to existing funding for announced projects and programs, such as Works for Queensland and Building our Regions, the Palaszczuk Government’s announcements include the following:
Importantly, the Government has worked closely with key industry bodies, including Queensland Tourism Industry Council, to build a framework to encourage greater private and public partnership. This includes:
It is expected that the Queensland Government’s approach to financing the stimulus package will be outlined in more detail when the new Treasurer, Cameron Dick, provides his COVID-19 Fiscal and Economic Review in September this year.
Norton Rose Fulbright Australia looks forward to working with its government and private sector clients in pursuing the road map to COVID-19 recovery and delivering exciting projects and opportunities in Queensland.
The full media statement from Premier Annastacia Palaszczuk on the Economic Response Strategy is available here.
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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Taking place across three webinars, our team of experienced lawyers and consultants, along with industry professionals and regulators, explore the latest ESG developments and trends within financial services regulation. This series takes a cross jurisdictional perspective, covering ESG financial services regulation and trends from across the globe.
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