House debates

Wednesday, 25 February 2015

Questions without Notice

Foreign Investment

2:15 pm

Photo of Warren TrussWarren Truss (Wide Bay, National Party, Leader of the Nationals) Share this | Hansard source

They had a trigger in place for reporting to the Foreign Investment Review Board, but it was so high that there was no farm in the country that would ever set off the trigger—would ever, in fact, have to be reviewed. Under Labor, a foreign investor could come in and buy every single farm in Australia without ever having to ask. They could have bought every farm in the country without ever having to ask. But, of course, if a foreign investor wanted to buy a little house in the town near the farms that he had bought, he did have to go to the Foreign Investment Review Board to get approval. Under Labor, any farm was for sale, but for houses in town you had to ask. This was simply not a policy that was in our national interest.

Mr Brough interjecting

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