Abbott Releases Foreign Investment Discussion Paper

The Coalition has released a discussion paper on foreign investment in agricultural land and agribusiness.

Abbott, Truss & Hockey

Opposition Leader Tony Abbott said “the Coalition unambiguously welcomes and supports foreign investment”. However, “there is scope to improve Australia’s foreign investment regime when it comes to investment in agricultural land and agricultural business”.

The paper was released by Abbott, Nationals leader Warren Truss and Shadow Treasurer Joe Hockey in Sydney today.

The paper is titled: “Foreign Investment In Australian Agricultural Land And Agribusiness”. Shadow Treasurer Joe Hockey has been put in charge of managing a “Discussion Paper process”. Submissions to the process are open until October 31, 2012.

Abbott, Truss and Hockey discussed foreign investment at a press conference this morning:

Media release from Opposition Leader Tony Abbott on the Foreign Investment Discussion Paper.

The Coalition unambiguously welcomes and supports foreign investment.

Foreign investment has been and will continue to be instrumental to the economic development and growth of Australia.

We support a foreign investment regime that strengthens our economy, promotes growth, and fosters confidence that foreign investment is in our national interest. [Read more…]