Economy - Voice of America: Australia Grapples With Foreign Land Sales

Economy - Voice of America economy-and-business

Australia Grapples With Foreign Land Sales Aug 9th 2012, 12:49 SYDNEY — In Australia, conservative politicians want to tighten the controls on foreign investors buying farms and businesses. The calls for more scrutiny on sales to foreigners come as a Chinese property conglomerate bids for a 15,000 hectare farming project in the Australian outback. The Foreign Investment Review Board makes recommendations to the government on whether deals should be accepted or rejected based on what it considers to be the national interest. Opposition leader Tony ... Media files: 6FCE09F1-8B56-450C-A59C-5F026EB706D3_cx0_cy2_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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