Senate debates

Monday, 23 November 2015

Bills

Foreign Acquisitions and Takeovers Legislation Amendment Bill 2015; In Committee

7:57 pm

Photo of Glenn LazarusGlenn Lazarus (Queensland, Independent) Share this | Hansard source

I just have to say that $15 million buys a lot of land. If you triple that—so, every time you buy something, $15 million, $15 million and $15 million—you can end up with a lot of land. Senator Cormann spoke about practicality. I think it would be fairly practical that we know exactly who is buying our land and who owns it. The tax office does not even know the names of some of the people who own land in this country. Surely that is not in the best interests of this country.

Comments

No comments