No plan to ease foreign invest rules: govt

Treasurer Scott Morrison says the government has no plans to ease foreign investment rules, contrary to a media report.

Treasurer Scott Morrison

Federal Treasurer Scott Morrison. Source: AAP

Scott Morrison has dismissed a media report suggesting the Turnbull government is about to ease the nation's foreign investment rules.

The treasurer was responding to article in The Australian newspaper, which said Treasury was considering a proposal to allow foreign state-owned businesses to escape the scrutiny of the Foreign Investment Review Board for deals worth up to $100 million.

"Contrary to today's media report the govt has no plan to ease foreign investment rules," Mr Morrison tweeted on Thursday.


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Source: AAP


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