“The arrival of the Chinese as serious buyers into Australian agriculture coincides with the Abbott government dramatically raising the scrutiny of their farmland purchases. It has slashed the threshold for Foreign Investment Review Board screening of agricultural land acquisitions by Chinese from $248m to $15m, which has focused new attention even on deals at the modest end of this space. The government has also tasked the tax office with collecting all data on foreign ownership of farmland, with a view to compiling a register next year. These moves come well on the heels of Europeans, Americans, Japanese and Koreans acquiring great swaths of Australian agriculture.”
Related posts:
U.S. officials warn Pakistan risks sanctions over Iran pipeline
Venezuelan president Maduro gets power to rule by decree
U.S. widens surveillance to include individuals with no foreign connection
India Wants To Kick Out A US Diplomat From Delhi In Retaliation
UK ministers to seize back 100 powers from Brussels
Ex-cop accused of groping women gets two-year sentence
Why are sales of non-alcoholic beer booming?
Jury Nullifies Felony in Cannabis Grower’s Trial
Former Drone Operator Says He’s Haunted By His Part In More Than 1,600 Deaths
Obama nominates former Freddie Mac executive to lead IRS
Escaping the death spiral of Blue State taxes
NASA begins selling shuttle launch platforms
NSA program reaches ‘into the past’ to retrieve, replay phone calls
Egypt protests galvanized by video of police beating naked man
Money laundering investigation stymied by China, Italy says