Senate debates Bills

Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015; In Committee


Peter Whish-Wilson

Peter Whish-Wilson Tasmania, Australian Greens

7:56 pm

I would just like to say that, whereas I agree with much of the sentiment expressed tonight by Senator Lazarus, the Greens' longstanding policy has been a threshold of $5 million. That was arrived at by extensive consultation with stakeholders. Basically, to put it in a nutshell, we felt that agricultural acquisitions underneath that size would more likely be hobby farms and not necessarily substantial production, and that is the number that we arrived at. As I mentioned earlier, we will be supporting Senator Xenophon's amendment. We will not be supporting Senator Lazarus's amendment.

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