FOREIGN INVESTMENT REGULATOR’S ‘CONFLICT OF INTEREST?

David Pascoe’s Facebook writes: 
Beyond belief: The Chiarman of Australian Foreign Investment Review Board joins ‘Asian Buyout Team’ – yet sees no conflict of interest.  The Chairman apparently believes that 'the hooker in a suit' was simply a line in a movie.  No wonder the rage is burning right across the nation

ABC News:  7/9/2016  Brian Wilson FIRB chairman
Bear in mind, Brian Wilson has been chairman of the FIRB since April 2012.
Scott Morrison, the Treasurer, has rejected concerns about the potential for perceived conflicts of interest after the chairman of the Foreign Investment Review Board was appointed to a key advisory position with a global private equity group.
A spokesman for Mr Morrison said FIRB chairman Brian Wilson would step aside from deliberations that involve his new role as a senior advisor with The Carlyle Group's Asia buyout team.  "He has agreed to remove himself from consideration of any cases that Carlyle is involved in," the spokesman said.
"FIRB needs to attract people with deep knowledge and experience in foreign investment. It has strong procedures in place to manage conflicts."  Carlyle issued a statement containing comments from Mr Wilson who said he was "delighted" to partner with the private equity group.
"I look forward to working closely with the team to assist as it pursues new investment opportunities across various sectors in Australasia and to create value for Carlyle's portfolio companies," he said.
In his role as FIRB chairman, Mr Wilson is in charge of the organisation that recommends whether the Treasurer should approve or reject large foreign investments in Australian businesses.

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