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Foreign investment in agribusiness – So what’s in Australia’s national interests?

Senate Inquiry – FIRB’s national interest test

The impending sale of Cubbie Station, Australia’s largest cotton farm comes at a time when the Senate Standing Committees on Rural and Regional Affairs and Transport is due to issue its long awaited report on the “national interest” test applied by the Foreign Investment Review Board (FIRB).

The Inquiry is due to report on 28 November, so we will update you on that when the Inquiry’s report is published.   In the meantime, this article briefly examines our current understanding of the “national interest” test as it is applies to foreign investors, particularly foreign investors seeking to buy agricultural assets or businesses, where the majority of media and political debate has centred in recent times. More…