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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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. Official estimates put foreign ownership at 10 per cent, but there are concerns that it is far higher.
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