Labor to oppose tighter vetting of Asian investment in farms and agribusiness

By Mark Kenny
Updated November 6 2015 - 5:23pm, first published 4:20pm
The bill before Parliament sets the threshold for referral to the Foreign Investment Review Board at just $15 million for agricultural land. Photo: Louie Douvis
The bill before Parliament sets the threshold for referral to the Foreign Investment Review Board at just $15 million for agricultural land. Photo: Louie Douvis
Opposition trade spokeswoman Penny Wong said the government's proposed changes suggested a desire to discriminate against investors according to their nationality. Photo: Andrew Meares
Opposition trade spokeswoman Penny Wong said the government's proposed changes suggested a desire to discriminate against investors according to their nationality. Photo: Andrew Meares
Many Nationals suspect Malcolm Turnbull is less in tune with them than Tony Abbott was. Photo: Carla Gottgens
Many Nationals suspect Malcolm Turnbull is less in tune with them than Tony Abbott was. Photo: Carla Gottgens

Labor has revealed it will seek to block tighter vetting of Asian investment in Australian farms and agribusinesses, and insist on a more than tripling of the investment trigger point for such regulatory assessment.

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