Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

It says something about you, Senator. I am happy to make some comments about the framework associated with our foreign investment regime. As the senator should know, all foreign governments and their agencies and state-owned enterprises must notify the FIRB and receive an approval before making a direct investment in Australia, regardless of the value of investment. We also, as you would know, have announced that we will implement a national foreign ownership register for agricultural land following consultations with stakeholders, and the government has made that announcement. I understand that the government has released a discussion paper—