Senate debates

Monday, 23 November 2015

Bills

Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015; In Committee

8:51 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Leader of the Opposition in the Senate) Share this | Hansard source

I have two questions to ask the minister. The first is: in response, I think, to Senator Lazarus he was making reference to the fact that the $15 million is cumulative—that is, if a particular investor continues to purchase land the value of all of their holdings is assessed to assess whether or not the $15 million threshold has been met. Can he tell the chamber if there is any other threshold in the foreign investment regime which is cumulative?

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