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A new foreign investment regime for Australia: Implications for the energy and resources sector - Government, Public Sector

To print this article, all you need is to be registered or login on Mondaq.com. On 1 January 2021, significant reforms to Australia s foreign investment regime, also known as the FIRB regime, commenced. With a focus on national security issues, the Australian Government has introduced a new national security test, expanded the powers of the Treasurer relating to national security matters, strengthened compliance and enforcement tools and more. In this insight, we explore some of the key changes to the FIRB regime and proposed amendments to the Security of Critical Infrastructure Act 2018 ( SOCI Act) and their relevance to investments in the energy and resources sector.

Vandals destroy Makana s R250K water tracker

Vandals broke into the Bothas Hill reservoir complex and destroyed the brick housing for a telemetry system crucial to Makhanda s water security. It costs R200K - worth less than R50 in the scrap metal for which it was probably harvested. Photos supplied Vandals destroy R250K water tracker A case has been opened at Joza Police Station after vandals have destroyed a R250 000 telemetry system at Makhanda’s main supply reservoir. The discovery was made when water technicians went to reopen the supply to residents after a six-day water outage. The water outage was caused by a blown gasket on a pump at James Kleynhans Water Treatment Works. The leaking pump flooded the pump station, leaving the town’s residents without water for six days. Technicians were brought from Joburg to commission a backup pump while the broken one went for repairs. The water supply was partly restored on Wednesday 24 February and is set to continue on alternate days until the town’s reservoirs ar

Microsoft slams critical infrastructure Bill over misguided govt control

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