Business

Gillard announces foreign ownership register

UPDATE 1:54PM A national register of foreign ownership of Australia's prime agricultural land will be introduced irrespective of whether Labor or the Coalition wins government at the next election.

Prime Minister Julia Gillard on Tuesday announced the Labor Government would introduce a register of overseas investments in farm land, with a discussion paper to be released later this year.

Her announcement at the National Farmers' Federation congress in Canberra comes after months of lobbying from the farm group, and also follows a similar announcement from the Coalition.

While her statement was cordially welcomed by the crowd, Ms Gillard did not make any commitments on when such a register would be created, leaving the building immediately after finishing her speech.

Ms Gillard told delegates the register would "provide a comprehensive picture" of the size and locations of foreign farm holdings.

While at pains to point out the level of foreign ownership in farm land had "not changed for 30 years", recent takeovers in the processing sector would not have to be registered, as they were agri-businesses, not primary producers.

Reaction came thick and fast, with Nationals leader Warren Truss labelling the plan "half-baked" and Greens Senator Rachel Siewert tagging it as "simple common sense".

Queensland independent MP Bob Katter said the register would not prevent farm land being sold off-shore, ensuring only that Australians now could "watch how (our country) is being sold out".

Just weeks after the controversial takeover of the nation's largest cotton farm, Cubbie Station, Ms Gillard said the government now aimed to "take the politics out of foreign investment".

The speech was seen as a public bid to placate concerns about the level of scrutiny foreign investments come under.

NFF president Jock Laurie welcomed the announcement, saying he hoped it would provide the information that could then add to a more balance debate on foreign investment and its regulation.

Topics:  foreign investment foreign ownership tony abbott



Brisbane's arts and culture events centre stage

A CITY drenched in culture, Brisbane is again flaunting an arts and culture events calendar fit for a queen.

Homewares stores to fulfil your Instagram dreams

No Caption

You too can become an Insta-star with these fab stores.

Date nights under $50

Nothing is more romantic than a picnic with a cracking view.

NOT every date has to cost you a bomb.

Top 10 Brisbane experiences to cross off your bucket list

Do yourself a favour and get amongst the food truck scene. Eat Street is a great place to start.

A GOOD bucket list doesn’t have to span continents or cost millions.

Six mega sporting events you need to be at this year

Don't miss all the action trackside this season.

IF THERE is one thing Brisbane does damn well, it’s play host.

Six reasons to get to Brisbane this Autumn

The Brisbane Powerhouse has free comedy on Friday nights.

AUTUMN has to be up there with one of the best seasons of the year.

The best things to do in Brisbane are FREE. Yes, FREE

Mt Coot-tha is a seriously gorgeous way to start your day.

HEADING to the big smoke doesn’t have to come with a big price tag.

How to push your happiness buttons

BRAINY BOOST: Exercise is a natural way to boost your endorphins and happiness.

Manipulating the neurotransmitters that make you feel good.

What's fresh at your local farmers' market

The pecan harvest is just beginning, so you will find a good selection at the markets from now. PHOTO: KATE O'NEILL

Pecans and cauliflowers among the new buys, as well as a great tea

Local Partners

Charity has grand plans to help people help themselves

A charity that helps homeless and needy has opened a new shop in a bid to raise money to fund a venture that will feed and skill the very people it supports.


What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

Gig guide: Get the blues in Broadbeach

Russell Morris will perform at The Star Gold Coast as part of Blues on Broadbeach on Friday, May 19

Festival fun and top shelf gigs

Tweed's weekend gig guide

Wally and the Gators play Club Banora on Saturday night

What's on in the Tweed

Book review: Mia Freedman's book meets her critics head on

IF AUSTRALIA does have a tall poppy syndrome, Mia Freedman has most certainly been a victim.

Model Bella Hadid's see-through dress shocks in Cannes

US model Bella Hadid attends the Cinema Against AIDS amfAR gala 2017 held at the Hotel du Cap, Eden Roc in Cap d'Antibes, France, 25 May 2017.

It’s like she’s become addicted to shock value.

No room for morbid fans

Chris Cornell.

Fans want to stay in the hotel room where Chris Cornell died

Star Wars' 1977 Stormtrooper head banger confesses

A Stormtrooper is responsible for the biggest blunder in a Star Wars movie. Picture: Supplied

Man in most famous blooper in Star Wars history breaks silence

How Toowoomba house prices compare in Australia

For sale sign in front of home.

Here's what $700,000 will buy you in Toowoomba, Brisbane and Sydney

One of Maryborough's most historic homes is still for sale

FULL OF HISTORY: Trisha Moulds is owner of the historic Tinana state known as Rosehill. The beautiful home is currently for sale.

It has been the scene of both joy and tragedies over the years.

The face of the Sunshine Coast's overpriced rental crisis

Alyx Wilson had to rent a $385 unit in Currimundi because the market was too competitive for cheaper rental housing. She is now renting a room from friends who own a house in Currimundi, and says its much more affordable.

Young people feel the strain in competitive, expensive rental market

WATCH: Take a tour of a tradie's dream home

5a Bruce Hiskens Court, Norman Gardens, going for $720,000. INSET: Lea Taylor.

Huge block with potential for anything

Ready to SELL your property?

Post Your Ad Here!