nz selling out to the chinese, page-4

While on holiday in Adelaide over Easter i got talking to a sheep farmer from Ararat in the Western Districts of Victoria and he runs 5000 sheep on a few thousand acres out there, he told me the sheiks from the middle east were actively buying farmland around the western districts designed to grow their own cattle and ship back to the middle east. He said the local opinion from the community was that our Foreign Investment Review Board was a toothless tiger.

Read more about how Australia has become a doormat for wealthier International community.

http://www.theage.com.au/victoria/qatar-land-grab-angers-bush-20110618-1g99l.html

"Former Liberal Party treasurer Michael Yabsley is at present the chief executive of Australia Gulf Council, which represents the Australian investment interests of Middle East states including Bahrain, Kuwait and Qatar.

Although reluctant to support a clampdown on foreign investment or ownership, he conceded the introduction of tougher rules on foreign ownership was likely.

But he urged caution to avoid spooking foreign investors and favoured the introduction of conditions for investment rather than thresholds for review."