Foreign investors have spent a record $12
billion buying up Australian farmland and agricultural businesses over the past
year, but have put off investing a further $14 billion until the outcome of a
Senate inquiry in March 2012, a new report by Ferrier Hodgson says.
The purpose of the Senate inquiry is to
determine whether the current foreign investment threshold of $231 million, the
benchmark where transactions require the approval of Foreign Investment Review
Board, should be adjusted since the vast majority of agribusiness transactions
fall below this mark.
Business Spectator
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