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AAP

Politics

Tess Ikonomou

Australia facing investment 'drought', review needed

Australia Drought Bran Black Foreign Investment

Bran Black says Australia faces an investment drought that's threatening jobs and economic growth. (Mick Tsikas/AAP PHOTOS)

The Business Council of Australia is calling for an urgent review into foreign investment, warning the nation is facing a "drought" and stands to be left behind.

In a submission to Treasury ahead of the federal budget, the council urged a UK-style evaluation of whether Australia's settings are fit-for-purpose.

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