Have a say on foreign ownership

25 Jan, 2013 10:05 AM
Comments
33
 
Agriculture Minister Joe Ludwig.
Agriculture Minister Joe Ludwig.

THE federal government is reminding people they have until February 1 to have their say on the national foreign ownership register for agricultural land.

Agriculture Minister Joe Ludwig said it was an opportunity for people to share their views on the design and operation of the register for agricultural land.

“The national foreign ownership register for agricultural land will provide a more comprehensive picture of the specific size and location of foreign agricultural landholdings over and above what is currently available," he said.

“The development of a national foreign ownership register for agricultural land continues the government's work to improve transparency in foreign ownership of Australian agricultural land.

“We strongly encourage interested stakeholders to share their views on the draft paper to help in the register’s operation and design.”

The paper is seeking views on scope and definitions of ownership interests, compliance issues, access to information included in a register and overlaps with existing regulatory requirements.

The consultation paper was compiled by the foreign ownership register working group, chaired by the Treasury and comprising a range of Australian government agencies.

A copy of the working group's consultation paper as well as details about how to make a submission can be found at www.treasury.gov.au/Consultatio nsandReviews/Submissions/2012/agr icultural-land

Date: Newest first | Oldest first

READER COMMENTS

loneranger
25/01/2013 2:33:49 PM

I realise we need investment but if we keep selling all we own to the Asians we will have nothing left for the future. Let them lease it but not own it.
Nev
25/01/2013 3:58:04 PM

I've downloaded the paper and will be making a submission, I would suggest that those of you who are concerned about this issue to do the same,
OzTip
26/01/2013 8:13:26 AM

To echo Lonerangers comments. In Asian countries we can't own land unless we are citizens of that country or it is in a spouses name native to that country, yet in Australia China, the US,and other nations are buying up our assetts, land, farms and resources, are we to become a slave nation in the future, dictated to by foreign ownership on what we can earn and own, if we keep selling all we own we will have nothing left for the future. Let them lease it but not own it. At the end of the nominated period they have the option of re-leasing but the resources revert back to Australian ownership
E J
26/01/2013 1:54:03 PM

Firstly make residency a condition of ownership of agricultural land and busiiness.
Love the country
26/01/2013 3:58:24 PM

If Aussie farmers were given fair prices, there would be no reason to sell any land. Every day we hear some ag industry is going bust.just ask the question,how good is farming ? Farm debt is huge, growing at the rate of 9.1 per cent per year. Farmers really do need to make serious money soon or we might as well sell the lot.
Tim Byrne
27/01/2013 3:55:23 PM

As loneranger said, we need investment, but the issue is ownership by foreign investors. Government may be able to raise revenue from taxes, charges and levies on foreign owners, but where will the produce from these farms end up? How much will is cost Australians to buy their meat and product in the future if forgiven owners can breed or grow on their farms and then export directly from the farm to their home country? And will any taxes amount to sufficient revenue for Australia? The recent mining tax shows just how wrong government forecasts can be. Majority of ownership must be Australian.
andrew sachse
27/01/2013 6:34:22 PM

how is a young person supposed to have a go at farming if managed investment schemes, body corporates, banks and now foreign investment groups keep buying up all the land.shame on you australia shame on you.
concerned aussie
28/01/2013 7:23:43 AM

I was amazed to hear Mr Abbot claim that if he is elected at the next federal election he would scrap the carbon tax and the mining tax. As far as I see it if he does this then there is practically no benefit to anybody at all but the foreign investor. in mining Australian land. To me he is saying if you vote for me I will give everything away . free of charge, There has to be A time when Australia says NO MORE. and if we don't do it soon it will be too late and our kids/grandkids will indeed be left with nothing.
concerned aussie
28/01/2013 7:37:51 AM

It seems to me that the federal government and opposition have become real estate agents to the mining companies. I hope they set up a register for where the mining investments are coming from , You can't eat coal and you can't drink gas.
Dodg
28/01/2013 8:23:15 AM

Another vote for lease hold only.
1 | 2 | 3 | 4  |  next >

POST A COMMENT


Screen name *
Email address *
Remember me?
Comment *
 

COMMENTS

light grey arrow
WTF, Thomas Jefferson said in 1802, "I believe that banking institutions are more dangerous to
light grey arrow
I am a Victorian John from Tamworth and I will not knock back Bunge's new Geelong export silo.
light grey arrow
Thanks to John Howard ,his Liberal colleagues and the Rudd Government we have lost our single