New changes to foreign invesment rules will encourage improvements

Andrew Miller
Updated August 12 2020 - 9:33pm, first published August 11 2020 - 3:54pm
GOVERNANCE CHANGES: Xianfeng Lu purchased Van Dieman's Land dairy in 2016.
GOVERNANCE CHANGES: Xianfeng Lu purchased Van Dieman's Land dairy in 2016.

I suppose the most relevant aspect for Tasmania is the idea of a compliance regime for foreign investments, in which promises made are subject to review and potential penalties.

- University of Tasmania Politics and International Relations senior lecturer Mark Harrison

New federal government foreign investment rules may tighten loose provisions which allow overseas purchasers to buy land on the promise of spending money on future improvements.

Andrew Miller

Andrew Miller

Journalist

I'm a general reporter with Stock & Land, with a special interest in irrigation issues. I completed my cadetship, with the Age, in 1980. Over my career, I've worked for ABC radio news (Mt Isa, Qld) and at provincial and suburban newspapers.

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