Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Just to clarify something for Senator Lazarus: the government will know who owns land because all foreign investments in agriculture will be recorded, but they will not trigger a Foreign Investment Review Board process unless the cumulative purchases for one purchaser exceed $15 million. So the proposition that somehow you can have $15 million multiple times is not right. It is cumulative. It does add up. And the proposition that we will not know who owns the land is not right either, because the Agricultural Land Register will record all foreign investments in agriculture from zero dollars.