Bridget McKenzie (Victoria, National Party) Share this | Hansard source

compulsory reading—thank you, Senator Boswell; I will take that interjection. Currently, the FIRB review process takes place when the Foreign Investment Review Board is notified of foreign investment proposals that are above relevant thresholds. We have heard a bit of discussion about thresholds today. Obviously, when a property like Cubbie Station does not make the cut, we have serious problems with our threshold here in this nation.

I really congratulate the coalition on their approach to foreign investment. I am finding, when I go out particularly into regional Victoria and talk about the coalition's plan about foreign investment, that people on the ground are extremely interested in the fact that that threshold has to be looked at and that we want to reduce it, because out in the regions they know that there ain't too many properties at $248 million for foreign investment. I might leave my comments there.