Senator Nick Xenophon - foreign investment in Australian farm land
20/01/2011
By: JBurns
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Senator Nick Xenophon talks to Leon Byner about foreign investment in Australian Agricultural Land.

Xenophon has introduced a bill before parliament on foreign investment recommending a move to the New Zealand model where anything over 5 hectares needs government approval. Currently foreign interests can purchase property to the value of $231 million dollars without informing the Australian government.

 

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