“Australia is sending very mixed messages to potential investors – because it’s one set of rules for some, and another for others. These tighter new foreign investment rules apply to investors from countries that have recently signed Free Trade Agreements (FTAs) with Australia, such as Japan, Korea and China. But they don’t apply to countries with older FTAs such as the US, New Zealand and Chile. Investors from the latter countries only need to seek approval if their purchases of Australian rural land or agribusinesses exceed A$1.09 billion. That’s 73 times the threshold facing Chinese investors for rural land and 20 times that for agribusinesses.”
http://theconversation.com/playing-the-china-card-may-win-votes-but-its-bad-for-australia-39364
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