date:Jun 26, 2013
An opposition-dominated Senate report on Wednesday called for the threshold for scrutiny of foreign farm purchases to be slashed to A$15 million ($13.87 million) from the current $248 million minimum.
To be realistic the threshold clearly needs to be much lower for farmland and agribusiness, said Bill Heffernan, inquiry chair, senior opposition senator and farmer.
Any move to tighten foreign investment rules is likely to upset China, Australia's biggest trading partner, and possibly hinder far