SYDNEY -- Australia will revamp its foreign investment laws to increase scrutiny of "high-risk" and "complicated" projects while streamlining the process for known investors in nonsensitive areas, Treasurer Jim Chalmers said on Wednesday.
Politics
Australia to boost scrutiny of 'high-risk' foreign investment
Treasurer says reform will toughen and streamline foreign investment
Australia's Treasurer Jim Chalmers, speaking in Sydney on May 1, outlines the government's plan to revamp foreign investment rules. (AAP Image/Dean Lewins) © AAP
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