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Some regulators suspect that strict ownership rules are ineffective in any case.
Maybe, in the future, strict ownership of a work of art will be an outmoded concept.
But as in Europe, where rules dictate that airlines must be majority-owned by Europeans, strict ownership controls in Africa would prevent foreign groups from establishing their own African subsidiaries and exporting all the profits.
The airline, moreover, is subject to strict ownership regulations that cap foreign control at 49 percent, meaning Australian parties would have to play a majority role in any takeover bid, and such a transaction would be subject to multiple regulatory approvals.
JB: We don't have strict ownership targets.
The FCC did this intentionally by slapping a strict ownership limit on the radio-wave spectrum.
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The NFL has the strictest ownership requirements among the four major U.S. leagues.
Mr. Pai has long been critical of strict broadcast ownership rules.
On Thursday, the Liberal Democrat senator David Leyonhjelm said strict gun ownership laws had turned Australia into "a nation of victims".
Also, the public sector has very strict foreign ownership thresholds.
Australia could miss out on a major weapons manufacturing plant if stricter gun ownership restrictions including a ban on handguns are introduced, gunmakers have said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com