Normal
And it continues.....Tony Abbott warns Daniel Andrews about putting Australia at risk.Premier Daniel Andrews hasn’t ruled out introducing laws to avoid paying compensation.Global investors are being warned about doing business in Victoria amid speculation that the State Government could legislate its way out of the East West Link contract.An article published on Friday in global business magazine Infrastructure Investor warns readers that retrospective laws being considered by the Andrews Government would “send shivers down the spines of infrastructure investors” around the world.The article, “Can Australia be taken at its word?”, says the nation could lose its crown as the “world’s most attractive infrastructure destination”.Premier Daniel Andrews hasn’t ruled out introducing legislation to avoid paying compensation, despite criticism that such a move would damage the state’s reputation.The magazine compares Victoria to Spain, which once led the global solar power market but was effectively black-listed in 2008 after it changed agreed feed-in tariff subsidies.Spain has “seven years later, just started to win back the confidence of the international investment community”, the article says. “But that’s a long time to be effectively removed from the list of sensible investment locations.”Federal Assistant Minister for Infrastructure Jamie Briggs said a state had never failed to honour a contract to build major transport infrastructure.“Major infrastructure companies and investors across the globe are rightly concerned by the Victorian Labor Government’s reckless actions, which are damaging Australia’s reputation as a trusted place t do business,” Mr Briggs said.
And it continues.....
Tony Abbott warns Daniel Andrews about putting Australia at risk.
Premier Daniel Andrews hasn’t ruled out introducing laws to avoid paying compensation.
Global investors are being warned about doing business in Victoria amid speculation that the State Government could legislate its way out of the East West Link contract.
An article published on Friday in global business magazine Infrastructure Investor warns readers that retrospective laws being considered by the Andrews Government would “send shivers down the spines of infrastructure investors” around the world.
The article, “Can Australia be taken at its word?”, says the nation could lose its crown as the “world’s most attractive infrastructure destination”.
Premier Daniel Andrews hasn’t ruled out introducing legislation to avoid paying compensation, despite criticism that such a move would damage the state’s reputation.
The magazine compares Victoria to Spain, which once led the global solar power market but was effectively black-listed in 2008 after it changed agreed feed-in tariff subsidies.
Spain has “seven years later, just started to win back the confidence of the international investment community”, the article says. “But that’s a long time to be effectively removed from the list of sensible investment locations.”
Federal Assistant Minister for Infrastructure Jamie Briggs said a state had never failed to honour a contract to build major transport infrastructure.
“Major infrastructure companies and investors across the globe are rightly concerned by the Victorian Labor Government’s reckless actions, which are damaging Australia’s reputation as a trusted place t do business,” Mr Briggs said.
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