Foreign Investment and the National Interest

Foreign Investment and the National Interest

26 June 2013

© Commonwealth of Australia 2013
ISBN 978-1-74229-822-1

View the report as a single document - (PDF 2429KB)


View the report as separate downloadable parts:

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Membership of the committee (PDF 50KB)
 
Abbreviations (PDF 11KB)
 
List of Recommendations (PDF 49KB)
 
Recommendations of the Committee's Interim report: Tax arrangements for foreign investment in agriculture and the limitations of the Foreign Acquisitions and Takeovers Act 1975 (PDF 33KB)
 
Executive Summary (PDF 24KB)

Key Findings

 
Chapter 1 - Introduction (PDF 46KB)

Conduct of inquiry
Acknowledgements
Note on references
Previous Senate inquiries
Structure of the report

 
Chapter 2 - Background—the global food task, comparative regulatory contexts and Australia's regulatory framework (PDF 131KB)

The benefits of foreign investment
The global food task
Comparative regulatory contexts
Implications of free trade agreements for Australia's foreign investment regulations
Australia’s foreign investment framework

 
Chapter 3 - Foreign investment—information gaps (PDF 119KB)

Concerns about lack of information
ABS agriculture survey
ABARES' study
The national register of foreign ownership of agricultural land

 
Chapter 4 - Transparency and scrutiny of foreign investment (PDF 123KB)

The FIRB review process
Overview of FIRB national interest test
General views of the FIRB review process
Compliance
Case studies
Hassad Australia case study
Cubbie Station case study

 
Chapter 5 - Investment threshold and related issues (PDF 106KB)

FIRB foreign investment review threshold
Cumulative purchases
Local economy impacts
Definition of "rural land"
Definition of "direct investment"

 
Chapter 6 - Foreign investment and agricultural development: the Ord irrigation area case study (PDF 565KB)

The Ord irrigation area
Key issues
Capital investment
Water entitlements and access to domestic capital
Land tenure
Community sentiment towards foreign investment

 
Dissenting report by Government Senators (PDF 60KB)
 
Minority report from the Australian Greens (PDF 26KB)
 
Additional Comments by Senator Nick Xenophon (PDF 78KB)
 
Appendix 1 - Terms of Reference (PDF 8KB)
 
Appendix 2 - Submissions Received (PDF 23KB)
 
Appendix 3 - Public Hearings and Witnesses (PDF 32KB)
 
Appendix 4 - Information about the Significant Investor Visa* (PDF 32KB)
 
Appendix 5 - AACo's Proposed Terms of Reference for an Independent Commission of Audit into Agribusiness* (PDF 32KB)
 
Appendix 6 - Map of the Ord Irrigation Expansion Project, including current and future developments* (PDF 32KB)

*PDF format only

For further information, contact:

Committee Secretary
Senate Standing Committees on Rural and Regional Affairs and Transport
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone: +61 2 6277 3511
Fax: +61 2 6277 5811
Email: rrat.sen@aph.gov.au

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