Senate debates

Wednesday, 27 June 2012

Questions without Notice

Foreign Investment

2:56 pm

Photo of John MadiganJohn Madigan (Victoria, Democratic Labor Party) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Wong. Minister, can you explain why the asset value threshold for foreign ownership of Australian primary production business and rural land, before investigation conditions need to be met to gain approval, stands at $244 million, a figure that is almost 2½ times higher than that of our close ally and neighbour New Zealand?


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