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Thursday, 27 December 2012

International and Global Business in Australia: Policy

International and Global Business in Australia

The Australian Government’s policy has implemented several changes of reviewing foreign investment proposals on a case-by-case basis with public interest considerations. These include national security, competition( in addition to examination by the Australian Competition and Consumer Commission, FIRB will examine the effect that foreign investment will have on the diversity of ownership inside Australian industry and sector to encourage healthy competition)  the effect on Australian tax revenues and ecological objectives;  impact on the economy and the community and  the impact on the general economy, character of the foreign investor (the extent to which the foreign investor functions on a clear commercial basis and is subject to adequate and transparent regulation and supervision).

Other policies include direct investment by foreign governments. These benefits and regulations could be a bit different for Casella wines in other countries particularly Asia and Europe.

The policy requires foreign governments and their related entities to seek FIRB approval for any direct investment in Australia regardless of the value of the investment. Investments of less than 10 per cent would not need to be notified to FIRB, except in situations where a sub-10 per cent investment would provide a foreign government investor ‘with influence or control over the target investment’.

In  Asian countries, business decisions usually are made not by individuals, but by a group. It might take longer to reach a decision, but once reached, everyone supports it and shares responsibility for implementing it. Taiwanese and other Asian people tend to communicate differently than Americans, often giving ambiguous answers to questions and avoiding eye contact while talking to each other. Business presentations are formal but restrained and include a seating protocol at meetings for higher-level managers.

Finally, international investments can offer quite a few psychological advantages. Investing abroad means putting capital where it is most needed. Particularly for developing countries, foreign investment allows the kind of accelerated growth that lifts people and countries out of poverty. Furthermore, ownership of international investments will encourage you to keep up on current events in that country and make you into a more informed global citizen

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