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

My question is to Senator Abetz, the Minister representing the Minister for Agriculture. I refer to his answer in question time yesterday in relation to the revised thresholds for foreign investment in agricultural land. He said:

… FIRB scrutiny threshold for private sector foreign purchases of agricultural land will be reduced from the current level of $252 million down to $15 million.

Can the minister confirm that, in actuality, the threshold is variously: $1 billion for investors from United States, New Zealand and Chile; $50 million for investors from Singapore and Thailand; and $15 million for investors from China, Korea and Japan?