Quote:
Originally Posted by Tonz
regarding farm/station purchases..... bloody hard position but if I was an owner of any such property and family did not want to follow my steps then I opt to sell...now although against overseas investment If I was advertising my land at $100 acre and someone offers $150 am I going to say no?
therein lies the hard question.
Unfortunately this is not a modern day problem, I clearly remember talking with my dad 15 years ago about Chinese interest in Aus & NZ 'will not end well for our countries" were his words.
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These two agencies should be involved in infrastructure and significant asset sales to foreign entities:
https://www.homeaffairs.gov.au/
https://firb.gov.au/
You might not say no to being offered top dollar by foreign interests on your farm but if it's not in the best interests in Australia then the government will have a say.
The same as how the ACCC will step in to stop company acquisitions to prevent monopolies.