The Federal Court has awarded $14 million in penalties after 2 foreign investors failed to comply with Australia’s foreign investment laws.
On 30 January 2026, the Court found that Indian Ocean International Shipping and Service Company Ltd and Ms Jing Tian did not comply with a disposal order.
The Treasurer made the order under the Foreign Acquisitions and Takeovers Act 1975.
The Treasurer ordered the disposal of their shares in Northern Minerals Limited in June 2024 due to national security concerns about these investors’ shareholdings in the critical minerals company.
Further information
- Federal Court orders [PDF 156kb]
- Originating application and Concise statement
- Visit the Treasury ministers' website to read the Treasurer's media release
Know your obligations
Foreign investors must know and follow their obligations under Australian law. This decision confirms that the government takes compliance seriously.