Footnotes

Footnotes

Chapter 1 - Introduction

[1]        Journals of the Senate, No. 129, 25 November 2015, p. 3482.

[2]        The Hon. Scott Morrison MP, Treasurer of the Commonwealth of Australia, 'Critical asset sales to fall within foreign review net', Media Release, 18 March 2016, http://sjm.ministers.treasury.gov.au/media-release/031-2016 (accessed 23 March 2016).

Chapter 2 - Australia's foreign investment review framework

[1]        An overview of the FATA, including the 2015 amendments, is available at https://www.comlaw.gov.au/Details/C2015C00577 (accessed 1 March 2016). The associated regulations are available at https://www.legislation.gov.au/Details/F2015L01854  and https://www.legislation.gov.au/Details/F2015L01862 (accessed 18 March 2016).

[2]        The Treasury, Australia's Foreign Investment Policy, December 2015, http://firb.tspace.gov.au/files/2015/09/Australias_Foreign_Investment_Policy_December_2015_v2.pdf (accessed 18 March 2016).  

[3]        Foreign Investment Review Board (FIRB), About FIRB, https://firb.gov.au/about/ (accessed 11 January 2016).

[4]        FIRB, About FIRB.

[5]        In addition to the Chairman, Mr Brian Wilson, and the Executive Member, Mr Robert Donelly, FIRB comprises the following part-time members: Mr Michael D'Ascenzo, who was appointed in January 2013; Mr Patrick Secker, who was appointed to FIRB in December 2013; Ms Alice Williams, whose appointment commenced in July 2015; and Mr David Irvine, whose term began in December 2015. The final member of the Board, Mr David Peever, was appointment in December 2015 and took up his position on 1 February 2016.

[6]        The Treasury, Australia's Foreign Investment Policy, December 2015, p. 13.

[7]        The Treasury, Australia's Foreign Investment Policy, December 2015, p. 13.

[8]        The Treasury, Submission 14, p. 9.

[9]        The Treasury, Submission 14, p. 9.

[10]      The Treasury, Submission 14, p. 9.

[11]      The Treasury, Submission 14, p. 9.

[12]      The Treasury, Submission 14, p. 9.

[13]      The Treasury, Submission 14, p. 9.

[14]      The Treasury, Submission 14, p. 9.

[15]      The Treasury, Submission 14, p. 9.

[16]      The Treasury, Submission 14, p. 9.

[17]      For New Zealand's Overseas Investment Act 2005, see http://www.legislation.govt.nz/act/public/2005/0082/latest/DLM356881.html?search=ts_act_overseas+investment&sr=1; (accessed 2 March 2016). 

[18]      The Treasury, Submission 14, p. 6.

[19]      The Treasury, Submission 14, p. 6.

[20]      The Treasury, Submission 14, p. 6.

[21]      The Treasury, Submission 14, p. 6.

[22]      The Treasury, Submission 14, p. 6.

[23]      The Treasury, Australia's Foreign Investment Policy, December 2015, p. 13.

[24]      The Treasury, Australia's Foreign Investment Policy, December 2015, p. 4.

[25]      Vacant commercial land, as well as all residential land, is covered by the most restrictive threshold – $0 – which means that all proposals for foreign investment require, by default, approval through the Treasurer. This requirement applies to investors from both FTA and non-FTA countries. Australia's Foreign Investment Policy, December 2015, p. 13.

[26]      The Treasury, Australia's Foreign Investment Policy, December 2015, p. 13. However, for investors from Singapore and Thailand, where the land in question is used wholly and exclusively for a primary production business, a threshold of $50 million applies (Otherwise, the land is not agricultural land.

[27]      The Treasury, answer to question on notice, 15 December 2015 (received 11 January 2016).

[28]      The Treasury, Australia's Foreign Investment Policy, December 2015, p. 13.

[29]      The Treasury, Australia's Foreign Investment Policy, December 2015, p. 13.

[30]      The Hon. Scott Morrison MP, Treasurer of the Commonwealth of Australia, 'Critical asset sales to fall within foreign review net', Media Release, 18 March 2016,  http://sjm.ministers.treasury.gov.au/media-release/031-2016 (accessed 23 March 2016).

[31]      The Hon. Scott Morrison MP, Treasurer of the Commonwealth of Australia, 'Critical asset sales to fall within foreign review net', Media Release, 18 March 2016,  http://sjm.ministers.treasury.gov.au/media-release/031-2016 (accessed 23 March 2016).

[32]      The Hon. Scott Morrison MP, Treasurer of the Commonwealth of Australia, 'Critical asset sales to fall within foreign review net', Media Release, 18 March 2016,  http://sjm.ministers.treasury.gov.au/media-release/031-2016 (accessed 23 March 2016).

[33]      The Hon. Scott Morrison MP, Treasurer of the Commonwealth of Australia, 'Critical asset sales to fall within foreign review net', Media Release, 18 March 2016,  http://sjm.ministers.treasury.gov.au/media-release/031-2016 (accessed 23 March 2016).

[34]      The Hon. Scott Morrison MP, Treasurer of the Commonwealth of Australia, 'Critical asset sales to fall within foreign review net', Media Release, 18 March 2016,  http://sjm.ministers.treasury.gov.au/media-release/031-2016 (accessed 23 March 2016).

[35]      For a brief overview of the Overseas Investment Office, see Land Information New Zealand, About the OIO, http://www.linz.govt.nz/regulatory/overseas-investment/about-oio/legislation-ministers-delegated-powers (accessed 2 March 2016).

[36]      For the relevant Acts and the Regulations, see: http://www.legislation.govt.nz/act/public/2005/0082/latest/DLM356881.html?search=ts_act_overseas+investment&sr=1http://www.legislation.govt.nz/regulation/public/2005/0220/latest/DLM341366.html?search=ts_regulation_overseas+investment&sr=1; and http://www.legislation.govt.nz/act/public/1996/0088/latest/DLM394192.html?search=ts_act_fisheries&sr=1 (accessed 2 March 2016). 

[37]      Land Information New Zealand, Overseas Investment, http://www.linz.govt.nz/regulatory/overseas-investment (accessed 3 March 2016).

[38]      For the full text of the Designation and Delegation Letter, see New Zealand Government, About the OIO, http://www.linz.govt.nz/regulatory/overseas-investment/about-oio/legislation-ministers-delegated-powers (accessed 2 March 2016).

[39]      For a full list of available decisions, see http://www.linz.govt.nz/regulatory/overseas-investment/decision-summaries-statistics (accessed 2 March 2016).

[40]      New Zealand Government, About the OIO, http://www.linz.govt.nz/regulatory/overseas-investment/about-oio/legislation-ministers-delegated-powers (accessed 2 March 2016).

[41]      For a full overview of the Dairy Farms NZ decision, see http://www.linz.govt.nz/regulatory/overseas-investment/decision-summaries-statistics/2015-12/201510086-201520009 (accessed 2 March 2016).

[42]      See, in particular, section 17 of the Overseas Investment Act 2005, http://www.legislation.govt.nz/act/public/2005/0082/latest/whole.html#DLM358019 (accessed 2 March 2016).

[43]      Australia-China Relations Institute, Submission 24, p. 1.

[44]      Australia-China Relations Institute, Submission 24, p. 1.

[45]      Australia-China Relations Institute, Submission 24, p. 2.

[46]      Australia-China Relations Institute, Submission 24, p. 1.

[47]      Lowy Institute, Lowy Institute Poll 2012: Public Opinion and Foreign Policy, http://www.lowyinstitute.org/publications/lowy-institute-poll-2012-public-opinion-and-foreign-policy (accessed 21 March 2016). For Australians' concerns about foreign investment in ports, see Lowy Institute, Lowy Institute Poll 2014, http://www.lowyinstitute.org/publications/lowy-institute-poll-2014 (accessed 21 March 2016).

[48]      Australia-China Relations Institute, Submission 24, p. 2.

[49]      Australia-China Relations Institute, Submission 24, p. 2.

[50]      Australia-China Relations Institute, Submission 24, p. 3.

[51]      Foreign Investment and National Security Act 2007, p. 2, https://www.treasury.gov/resource-center/international/foreign-investment/Documents/FINSA.pdf (accessed 21 March 2016).

[52]      Foreign Investment and National Security Act 2007.

[53]      Foreign Investment and National Security Act 2007, p. 1, https://www.treasury.gov/resource-center/international/foreign-investment/Documents/FINSA.pdf (accessed 21 March 2016).

[54]      U.S. Department of the Treasury, Composition of CFIUS, https://www.treasury.gov/resource-center/international/foreign-investment/Pages/cfius-members.aspx (accessed 21 March 2016).

[55]      U.S. Department of the Treasury, Process Overview, https://www.treasury.gov/resource-center/international/foreign-investment/Pages/cfius-overview.aspx (accessed 21 March 2016).

[56]      U.S. Department of the Treasury, Process Overview, https://www.treasury.gov/resource-center/international/foreign-investment/Pages/cfius-overview.aspx (accessed 21 March 2016).

[57]      Foreign Investment and National Security Act 2007, p.11, https://www.treasury.gov/resource-center/international/foreign-investment/Documents/FINSA.pdf (accessed 21 March 2016).

[58]      Foreign Investment and National Security Act 2007, p. 11.

[59]      Foreign Investment and National Security Act 2007, p. 11.

[60]      Reuters, 'Huawei backs away from 3Leaf acquisition', http://www.reuters.com/article/us-huawei-3leaf-idUSTRE71I38920110219 (accessed 21 March 2016).

[61]      Foreign Investment and National Security Act 2007, p. 5, https://www.treasury.gov/resource-center/international/foreign-investment/Documents/FINSA.pdf (accessed 21 March 2016).

Chapter 3 - Critical infrastructure and the foreign investment review process

[1]        Senate Economics References Committee, Foreign Investment Review Framework: Interim Report, February 2016, p. 29.

[2]        Senate Economics References Committee, Foreign Investment Review Framework: Interim Report, February 2016, p. 29.

[3]        The NSW Treasury, Electricity Network Transactions, http://www.treasury.nsw.gov.au/electricity_network_transactions (accessed 29 February 2016).

[4]        The NSW Treasury, About Transgrid, http://www.austlii.edu.au/au/legis/nsw/consol_act/enata2015566/ (accessed 29 February 2016).

[5]        The NSW Treasury, Electricity Network Transactions, http://www.treasury.nsw.gov.au/electricity_network_transactions (accessed 29 February 2016).

[6]        The NSW Treasury, Electricity Network Transactions.

[7]        See the Electricity Network Assets (Authorised Transactions) Act 2015, http://www.austlii.edu.au/au/legis/nsw/consol_act/enata2015566/ (accessed 29 February 2016).

[8]        The Hon. Gladys Berejiklian MP, Treasurer of NSW, 'Major Milestone in Poles and Wires Lease', Media Release, 25 June 2015, http://www.treasury.nsw.gov.au/__data/assets/pdf_file/0008/126467/20150625_Gladys_Berejiklian_-_Major_milestone_in_poles_and_wires_lease.pdf (accessed 29 February 2016).

[9]        The Hon. Mike Baird MP, Premier of NSW, and the Hon. Gladys Berejiklian MP, Treasurer of NSW, 'NSW Achieves Outstanding Result in $10.258 billion Transgrid lease', Media Release, 25 November 2015, http://www.treasury.nsw.gov.au/__data/assets/pdf_file/0013/127030/25-11-15_NSW_achieves_outstanding_result_in_TransGrid_lease.pdf (accessed 29 February 2016).

[10]      For an overview of the legislated requirements of the Electricity Price Guarantee, see Section 8 of the Electricity Network Assets (Authorised Transactions) Act 2015, http://www.austlii.edu.au/au/legis/nsw/consol_act/enata2015566/s8.html (accessed 29 February 2016).

[11]      'NSW Achieves Outstanding Result in $10.258 billion Transgrid lease', Media release, 25 November 2015, http://www.treasury.nsw.gov.au/__data/assets/pdf_file/0013/127030/25-11-15_NSW_achieves_outstanding_result_in_TransGrid_lease.pdf (accessed 29 February 2016).

[12]      The NSW Treasury, Electricity Network Transactions, http://www.treasury.nsw.gov.au/electricity_network_transactions (accessed 29 February 2016).

[13]      The NSW Treasury, About Ausgrid, http://www.treasury.nsw.gov.au/electricity_network_transactions/about_ausgrid (accessed 29 February 2016).

[14]      Australian Government, Critical Infrastructure Resilience Strategy: Plan, http://www.tisn.gov.au/Documents/CriticalInfrastructureResilienceStrategyPlan.PDF (accessed 21 March 2016).

[15]      Australian Government, Critical Infrastructure Resilience Strategy: Plan, p. 1.

[16]      Australian Government, Critical Infrastructure Resilience Strategy: Plan, p. 1.

[17]      Australian Government, Critical Infrastructure Resilience Strategy: Plan, p. 1.

[18]      Australian Government, Critical Infrastructure Resilience Strategy: Plan, p. 1 http://www.tisn.gov.au/Documents/CriticalInfrastructureResilienceStrategyPlan.PDF (accessed 21 March 2016).  

[19]      Australian Government, Critical Infrastructure Resilience Strategy: Plan, p. 1.           

[20]      Australian Government, Critical Infrastructure Resilience Strategy: Plan, p. 2.

[21]      Australian Government, Critical Infrastructure Resilience Strategy: Plan, p. 2.

[22]      Australian Government, Critical Infrastructure Resilience Strategy: Plan, p. 2.

[23]      Australian Government, Critical Infrastructure Resilience Strategy: Plan, p. 2 http://www.tisn.gov.au/Documents/CriticalInfrastructureResilienceStrategyPlan.PDF (accessed 21 March 2016).  

[24]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 1.

[25]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 1.

[26]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 1.

[27]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 4.

[28]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 4.

[29]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 2.

[30]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 2.

[31]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 2.

[32]      Australian Strategic Policy Institute, Supplementary Submission 4.1, pp. 3-4.

[33]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 5.

[34]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 5.

[35]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 4.

[36]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 4.

[37]      Mr Peter Jennings, Australian Strategic Policy Institute, Committee Hansard, 10 March 2016, p. 15.

[38]      Mr Peter Jennings, Australian Strategic Policy Institute, Committee Hansard, 10 March 2016, p. 15.

[39]      Mr Peter Jennings, Australian Strategic Policy Institute, Committee Hansard, 10 March 2016, p. 15.   

[40]      Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 6.

[41]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 32.

[42]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 32.

[43]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 34.

[44]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 34.

[45]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 35.

[46]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 35.

[47]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 35.

[48]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 35.

[49]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 33.

[50]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 33.

[51]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 33.

[52]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 33.

[53]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 33.

[54]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 33.

[55]      Ms Katherine Jones, Attorney General's Department, Committee Hansard, 10 March 2016, p. 33.

[56]      Mr Justin Brown, Department of Foreign Affairs and Trade, Committee Hansard, 10 March 2016, p. 40.

[57]      The Treasury, Submission 14, p. 11.

[58]      The Treasury, Submission 14, p. 10.

[59]      The Treasury, Submission 14, p. 10.

[60]      The Treasury, Submission 14, p. 16.

[61]      The Treasury, Submission 14, p. 17.

[62]      The Treasury, Submission 14, p. 17.

[63]      The Treasury, Submission 14, pp. 17–18.

[64]      Mr Brian Wilson, Foreign Investment Review Board, Committee Hansard, 10 March 2016, p. 56.

[65]      Mr Brian Wilson, Foreign Investment Review Board, Committee Hansard, 10 March 2016, p. 56.

[66]      Mr Brian Wilson, Foreign Investment Review Board, Committee Hansard, 10 March 2016, p. 56.

[67]      Mr Brian Wilson, Foreign Investment Review Board, Committee Hansard, 10 March 2016, p. 58.

[68]      Mr Brian Wilson, Foreign Investment Review Board, Committee Hansard, 10 March 2016, p. 58.

[69]      East Asian Bureau of Economic Research, Submission 20, p. 6.

[70]      East Asian Bureau of Economic Research, Submission 20, p. 6.

[71]      East Asian Bureau of Economic Research, Submission 20, p. 6.

[72]      East Asian Bureau of Economic Research, Submission 20, p. 6.

[73]      East Asian Bureau of Economic Research, Submission 20, p. 6.

Chapter 4 - Agricultural land, agribusinesses and the foreign investment review process

[1]        S. Kidman and Co. Ltd, About S. Kidman & Co, http://www.kidman.com.au/about/ (accessed 29 February 2016).

[2]        S. Kidman and Co. Ltd, About S. Kidman & Co.

[3]        The Hon. Scott Morrison MP, Treasurer of the Commonwealth of Australia, 'Statement on the Decision to prevent sale of S. Kidman & Co. Limited', Media Release, 19 November 2015, http://sjm.ministers.treasury.gov.au/media-release/011-2015/ (accessed 29 February 2016).

[4]        S.Kidman and Co. Ltd, About S.Kidman & Co.

[5]        The Hon. Scott Morrison MP, Treasurer of the Commonwealth of Australia, 'Statement on the Decision to prevent sale of S. Kidman & Co. Limited', Media Release, 19 November 2015.

[6]        The Hon. Scott Morrison MP, Treasurer of the Commonwealth of Australia, 'Statement on the Decision to prevent sale of S. Kidman & Co. Limited', Media Release, 19 November 2015, http://sjm.ministers.treasury.gov.au/media-release/011-2015/ (accessed 29 February 2016).

[7]        The Hon. Scott Morrison MP, Treasurer of the Commonwealth of Australia, 'Statement on the Decision to prevent sale of S. Kidman & Co. Limited', Media Release, 19 November 2015.

[8]        Peter Hartcher, James Massola and Jared Lynch, 'Kidman Cattle Stations: Andrew Robb criticises Scott Morrison's 'political' decision to block sale', Sydney Morning Herald, 10 November 2015, http://www.smh.com.au/federal-politics/political-news/kidman-cattle-stations-andrew-robb-criticises-scott-morrisons-political-decision-to-block-sale-20151120-gl3vkb.html (accessed 29 February 2016).

[9]        Matthew Cranston, 'S. Kidman& Co. sale back on, and Australian still have a chance to buy in', Australian Financial Review, 10 February 2016, http://www.afr.com/real-estate/skidman--co-sale-back-on-and-australians-still-have-a-chance-to-buy-in-20160210-gmqftv (accessed 29 February 2016).

[10]      Andrew Marshall, 'Kidman Decision Expected Late January', Farm Weekly, 28 December 2015, http://www.farmweekly.com.au/news/agriculture/agribusiness/general-news/kidman-decision-expected-late-january/2750136.aspx (accessed 1 March 2016).

[11]      The Treasury, Agribusiness Investment (Guidance Note 18), 1 November 2016, p. 2, https://firb.gov.au/files/2015/11/18_GN_FIRB_Nov_15.pdf (accessed 3 March 2016).

[12]      The Treasury, Agricultural Land Investments (Guidance Note 17), 1 November 2015, p. 2, https://firb.gov.au/files/2015/11/17_GN_FIRB_Nov_15.pdf (accessed 3 March 2016).

[13]      Australian Taxation Office, Agricultural Land Register, https://www.ato.gov.au/General/Foreign-investment-in-Australia/Agricultural-Land-Register/ (accessed 3 March 2016).

[14]      Australian Taxation Office, Agricultural Land Register.

[15]      The Hon. Barnaby Joyce MP, Deputy Prime Minister and Minister for Agriculture and Water Resources, 'Joyce Welcomes Better Scrutiny of Foreign Investment in Agriculture', Media Release, 2 May 2015, http://minister.agriculture.gov.au/joyce/pages/media-releases/foreign-investment-scrutiny.aspx (accessed 3March 2016).

[16]      The Hon. Barnaby Joyce MP, Deputy Prime Minister and Minister for Agriculture and Water Resources, 'Joyce Welcomes Better Scrutiny of Foreign Investment in Agriculture', Media Release, 2 May 2015, http://minister.agriculture.gov.au/joyce/pages/media-releases/foreign-investment-scrutiny.aspx (accessed 3March 2016).

[17]      For the full text of regulation 12, see the Foreign Acquisitions and Takeovers Regulation 2015, https://www.comlaw.gov.au/Details/F2015L01854/Html/Text#_Toc435776905 (accessed 3 March 2016). 

[18]      The Treasury, Agribusiness Investment (Guidance Note 18), 1 November 2016, pp. 2–3, https://firb.gov.au/files/2015/11/18_GN_FIRB_Nov_15.pdf (accessed 3 March 2016).

[19]      The Treasury, Agribusiness Investment (Guidance Note 18), 1 November 2016, p. 3, https://firb.gov.au/files/2015/11/18_GN_FIRB_Nov_15.pdf (accessed 3 March 2016).

[20]      The Treasury, Agribusiness Investment (Guidance Note 18), 1 November 2016, p. 2, https://firb.gov.au/files/2015/11/18_GN_FIRB_Nov_15.pdf (accessed 3 March 2016).

[21]      The Treasury, Agribusiness Investment (Guidance Note 18), 1 November 2016, p. 3, https://firb.gov.au/files/2015/11/18_GN_FIRB_Nov_15.pdf (accessed 3 March 2016).

[22]      Business Council of Australia, Submission to the Government's Options Paper: Strengthening Australia's Foreign Investment Review Framework, p. 6, http://www.treasury.gov.au/~/media/Treasury/Consultations%20and%20Reviews/Consultations/2015/Strengthening%20Australias%20foreign%20investment%20framework/Submissions/PDF/Business%20Council%20of%20Australia.ashx (accessed 3 March 2016).

[23]      Business Council of Australia, Submission to the Government's Options Paper: Strengthening Australia's Foreign Investment Review Framework, p. 8, http://www.treasury.gov.au/~/media/Treasury/Consultations%20and%20Reviews/Consultations/2015/Strengthening%20Australias%20foreign%20investment%20framework/Submissions/PDF/Business%20Council%20of%20Australia.ashx (accessed 3 March 2016).

[24]      Business Council of Australia, Submission to the Government's Options Paper: Strengthening Australia's Foreign Investment Review Framework, p. 8.

[25]      Mr Troy Setter, Consolidated Pastoral Company, Committee Hansard, 10 March 2016, p. 19.

[26]      Mr Troy Setter, Consolidated Pastoral Company, Committee Hansard, 10 March 2016, p. 19.

[27]      Mr Troy Setter, Consolidated Pastoral Company, Committee Hansard, 10 March 2016, p. 19.

[28]      Mr Troy Setter, Consolidated Pastoral Company, Committee Hansard, 10 March 2016, p. 19.

[29]      Mr Troy Setter, Consolidated Pastoral Company, Committee Hansard, 10 March 2016, p. 19.

[30]      Mr Troy Setter, Consolidated Pastoral Company, Committee Hansard, 10 March 2016, p. 20.

[31]      Mr Troy Setter, Consolidated Pastoral Company, Committee Hansard, 10 March 2016, p. 20.

[32]      Mr Troy Setter, Consolidated Pastoral Company, Committee Hansard, 10 March 2016, p. 20.

[33]      Mr Troy Setter, Consolidated Pastoral Company, Committee Hansard, 10 March 2016, p. 20.

[34]      East Asian Bureau of Economic Research, Submission 20, p. 11.

[35]      Agricultural Management Company, Submission 25, p. 3.

[36]      Agricultural Management Company, Submission 25, pp. 2–3.

[37]      The National Famers' Federation, Submission 7, p. 2.

[38]      The National Famers' Federation, Submission 7, p. 2.

[39]      The National Famers' Federation, Submission 7, p. 2.

[40]      Australian Food and Grocery Council, Strengthening Australia's Foreign Investment Review Framework – Options Paper, p. 8, http://www.treasury.gov.au/~/media/Treasury/Consultations%20and%20Reviews/Consultations/2015/Strengthening%20Australias%20foreign%20investment%20framework/Submissions/PDF/Australian%20Food%20and%20Grocery%20Council.ashx (accessed 3 March 2016).

[41]      Australian Food and Grocery Council, Strengthening Australia's Foreign Investment Review Framework – Options Paper, p. 8.

[42]      Business Council of Australia, Submission to the Government's Options Paper: Strengthening Australia's Foreign Investment Review Framework, p. 10, http://www.treasury.gov.au/~/media/Treasury/Consultations%20and%20Reviews/Consultations/2015/Strengthening%20Australias%20foreign%20investment%20framework/Submissions/PDF/Business%20Council%20of%20Australia.ashx (accessed 3 March 2016).

[43]      Australia and New Zealand Banking Group, Submission 2, p. 2

[44]      Australia and New Zealand Banking Group, Submission 2, pp. 1–2.

[45]      Australia and New Zealand Banking Group, Submission 2, p. 2.

[46]      Australia and New Zealand Banking Group, Submission 2, p. 2.

[47]      The Hon. Barnaby Joyce MP, Deputy Prime Minister and Minister for Agriculture and Water Resources, 'Joyce Welcomes Better Scrutiny of Foreign Investment in Agriculture', Media Release, 2 May 2015, http://minister.agriculture.gov.au/joyce/pages/media-releases/foreign-investment-scrutiny.aspx (accessed 3March 2016).

[48]      The Hon. Barnaby Joyce MP, Deputy Prime Minister and Minister for Agriculture and Water Resources, 'Joyce Welcomes Better Scrutiny of Foreign Investment in Agriculture', Media Release, 2 May 2015.

[49]      The Hon. Scott Morrison MP, Treasurer of the Commonwealth of Australia, 'Stronger Foreign Investment Regime Comes into Force', Media Release, 1 December 2015, http://sjm.ministers.treasury.gov.au/media-release/016-2015/ (accessed 3 March 2016).

[50]      The National Famers' Federation, Submission 7, p. 1.

[51]      The National Famers' Federation, Submission 7, p. 1.

[52]      The National Famers' Federation, Submission 7, p. 1.

[53]      Mr Tony Mahar, National Farmers' Federation, Committee Hansard, 10 March 2016, p. 27.

[54]      Mr Tony Mahar, National Farmers' Federation, Committee Hansard, 10 March 2016, p. 27.

Chapter 5

[1]        Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 6

[2]        Australian Strategic Policy Institute, Supplementary Submission 4.1, p. 4.

[3]        Agricultural Management Company, Submission 25, p. 3.

[4]        East Asian Bureau of Economic Research, Submission 20, p. 11.

[5]        Department of Defence, Overview of the Deed of Licence for use of the Darwin Port, Document tabled by the Department of Defence on 3 February 2016, p. 1.

[6]        Mr Peter Jennings, Australian Strategic Policy Institute, Committee Hansard, 10 March 2016, p. 15; Agricultural Management Company, Submission 25, p. 3; Mr Troy Setter, Consolidated Pastoral Company, Committee Hansard, 10 March 2016, p. 20.

[7]        Lucy Barbour, 'Foreign-owned land register will not be made public despite transparency pledge', ABC News, 30 March 2016, http://www.abc.net.au/news/2016-03-30/register-of-foreign-owned-farm-land-will-not-be-made-public/7284104 (accessed 30 March 2016).

[8]        Lucy Barbour, 'Foreign-owned land register will not be made public despite transparency pledge', ABC News, 30 March 2016, http://www.abc.net.au/news/2016-03-30/register-of-foreign-owned-farm-land-will-not-be-made-public/7284104 (accessed 30 March 2016).

[9]        The Hon. Barnaby Joyce MP, Deputy Prime Minister and Minister for Agriculture and Water Resources, and the Hon. Scott Morrison, Treasurer of the Commonwealth of Australia, 'Foreign-owned agricultural land holdings to be registered by 29 February', Media Release, 22 February 2016,  http://minister.agriculture.gov.au/joyce/Pages/Media-Releases/foreign-owned-agricultural-land-holdings-to-be-register-by-29-February.aspx (accessed 30 March 2016).

[10]      Angela Macdonald-Smith, ' NSW opposition urges Ausgrid sale delay', Sydney Morning Herald, 5 April 2016, http://www.smh.com.au/business/energy/nsw-opposition-urges-ausgrid-sale-delay-20160404-gnyg17.html (accessed 6 April 2016).

[11]      Angela Macdonald-Smith, ' NSW opposition urges Ausgrid sale delay', Sydney Morning Herald, 5 April 2016.

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