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Australia tightens rules on foreign ownership of farmland

Move is to strengthen oversight amid fears of loss of control of food security

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Mr Hockey says foreign owners should declare their interests with the country's tax office from July 1

Sydney

AUSTRALIA tightened rules on Monday requiring overseas investors to declare holdings of agricultural land in order to strengthen oversight, amid concerns that Australia is losing control of its own food security.

Foreign ownership of Australian land has become a touchy issue

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