Summary
Limits foreign investment in Australian agribusiness and agricultural land by: requiring the Foreign Investment Review Board to review certain foreign investment proposals and make recommendations to the Treasurer if the proposal is contrary to the national interest; enabling the Treasurer to prohibit a proposed investment and providing for penalties for contravention of the prohibition; and preventing a foreign person or bodies from holding ownership interests of more than 49 per cent in an agribusiness or a parcel of land of more than four hectares.