Australianisation

It seemed, the Review reported, that the Foreign Investment Review Board would approve the terms and timetable of any Australianisation proposals.

This Australianisation of natural resource ownership is forcing the other companies to dilute their majority holdings and earlier this year CRA announced that it would move towards reducing its foreign ownership to less than 50 per cent.

However, design adaptation to meet the Australian Navy's unique requirements and political pressures to increase local content have resulted in considerable Australianisation of original designs.