Jul 20, 2015
Foreign investment has historically been an important source of support for the Australian dairy sector. The dairy industry is strongly supportive of all investment, foreign and domestic, that helps the industry grow and prosper provided it adheres to the same regulations.
On 1 March 2015, the Federal Government announced a reduction to the screening threshold for agricultural land from AU$252 million to AU$15 million. The new threshold will include the cumulative value of agricultural land owned by the investor and the purposed purchase. An AU$55 million threshold for investments in agribusiness will be introduced 1 December 2015.
A step towards a register of foreign owned farmland is also underway, with the Australian Tax Office (ATO) collecting information on all foreign purchases, regardless of size from 1 July 2015. The ATO will also be auditing existing ownership of agricultural land by foreign investors to gain further insights into the investment landscape.
ADF President, Noel Campbell said the register would help increase transparency and give industry a better idea of what foreign investment really looks like in the dairy sector.
“The register is sound policy and will hopefully provide credible land ownership data to give us a comprehensive landscape of investment in agriculture across Australia,” Mr Campbell said.
ADF supports the government’s recent initiatives to improve the robustness of the investment landscape in Australia which recognise the important role of our global partners in helping the dairy industry to grow and strengthen.
Jun 16, 2015
The 2015 Federal Budget announced on 12 May, delivered modest gains for agriculture. With initiatives aimed at supporting rural and small businesses such as tax breaks for those with annual turnover under $2 million, social and community support services for rural Australians, and drought relief assistance, dairy came out slightly better off than the year before.
Jun 15, 2015
Whether at the farm gate or in the board room, stopping to take stock, acknowledge success and identify areas for improvement is essential to ensuring any good business remains on track to deliver desired outcomes.
Jun 10, 2015
The Trans-Pacific Partnership (TPP) offers a historic opportunity to address a broad range of distortions affecting Australian dairy producers, and to ensure consumers throughout the region involved have access to safe, high quality Australian products.