A PROMINENT federal Labor MP has criticised his own party over foreign ownership.
And others have gone to ground over the issue.
In a scathing attack, MP Kelvin Thomson tore apart almost every argument used by his Government to justify what critics say are weak foreign investment rules.
But the Government says foreign investment is vital for Australian farmers and supports agriculture jobs. Mr Thomson:
CRITICISED the Foreign Investment Review Board for approving nearly all foreign ownership attempts.
CONTRADICTED key figures used by senior Labor figures. Mr Thomson said the amount of Aussie land in foreign ownership had doubled in 25 years and foreign investment was 250 times higher than it was five years ago.
LAMENTED the stranglehold foreign entities have on the milk, wheat, sugar, beef and lamb sectors.
SAID the area of the Northern Territory owned by foreigners was bigger than the state of Victoria, and
SLAMMED attempts by free-traders to shut down debate by using labels such as "xenophobe" and "racist".
Weekly Times Now
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