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The Federal Government has defended the increase in foreign ownership of farmland, saying Australian assets have often belonged to overseas interests.
The NSW Government is calling for a review of such ownership, citing the case of Chinese company Shenhua Coal, which has purchased 43 farms near Gunnedah at a cost of $213 million.
(...)
Originally posted by jjjtir
reply to post by Chadwickus
I guess this is one
Shorten defends foreign ownership of farmland
Wednesday, 29/06/2011
www.abc.net.au/rural/news/content/201106/s3256593.htm
The Federal Government has defended the increase in foreign ownership of farmland, saying Australian assets have often belonged to overseas interests.
The NSW Government is calling for a review of such ownership, citing the case of Chinese company Shenhua Coal, which has purchased 43 farms near Gunnedah at a cost of $213 million.
(...)
Originally posted by Flighty
But we've been sold out ever since Australian manufacturing companies were left to swing in the breeze when tariffs were abolished a few decades ago and we were the only ones practicing fair trade at a disadvantage as our competitors had government protection.
Originally posted by Flighty
Unfortunately, both major parties are in bed together on certain issues, so there is no alternative to protect Australians from the Globalists in Canberra.
THE Chinese Government is buying Australian farms and Australian law offers no avenue to stop it, says Liberal Senator Bill Heffernan.
Senator Heffernan told Parliament last week that James Cook University Director of the Centre for AusAsia Business Studies, Professor Zhangyue Zhou, said the Chinese Government was aiming to acquire land for its own food security.
"We should have some sort of oversight of who is buying and acquiring our agricultural and water resources," Senator Heffernan said in Parliament.
He told The Weekly Times a foreign government "could buy every property down the Murrumbidgee River".
"Why don't we instead fix our policy on foreign ownership before we have to have a super profits tax on our land and water resources (that are bought by foreign investors)."
A CHINESE government-controlled mining giant has spent $213 million buying up 43 farms so it can explore for coal outside the NSW township of Gunnedah.
A NSW title search reveals that Shenhua Watermark Coal carried out a two-year spending spree in 2009 and 2010, making some of the sellers instant millionaires.
Shenhua Watermark Coal -- a subsidiary of the world's biggest coal company, Shenhua Energy -- is seeking NSW government approval for a coalmine on the Liverpool Plains, surrounding Gunnedah.
The Chinese government-controlled company has paid the NSW government $300m for an exploration licence covering 19,500ha, and promised not to mine within 150m of the productive "black soil" farming country.
But data sourced from the Land Titles Office reveals the company has bought out 43 farmers in the past two years, in another case of a mining company encroaching on farmland. Gunnedah Mayor Adam Marshall said the mining proposal was dividing the community. "Feelings are mixed," Mr Marshall said yesterday.
Originally posted by Dr Expired
Kangaroo Suey and Fried Rice anyone?
Originally posted by Melbourne_Militia
If this current labour government doesnt get thrown out of office soon we are all done for.