Australia Tourist Information

Foreign investment built much of Australia's wealth

Foreign investment has also played a crucial role in developing world-class tourist facilities, CBD building projects and major agricultural enterprises. Community anxieties about "selling off the farm" erupt periodically, but such debates need to be informed by an understanding of why our economy must remain deeply enmeshed with global commerce and freer trade.

In 1988, impassioned debate in Queensland over Japanese investors buying up land for resort developments prompted the creation of the state's Foreign Ownership of Land register. At the time, some of the arguments smacked of xenophobia, but almost a quarter of a century later it is clear the state has benefited enormously from such investments. The register shows foreigners now own just 2.56 per cent of the state's land.

Current concerns over foreign purchases of agricultural land, including the Chinese government-controlled company Shenhua Watermark Coal paying several times the going rate for 43 farms on the NSW Liverpool Plains, have highlighted the lack of a national register. It is reasonable that Assistant Treasurer Bill Shorten has asked the Australian Bureau of Agricultural and Resource Economics and Sciences and the ABS to provide an accurate picture of what lands in Australia are foreign-owned. The maintenance and updating of such information, however, should not become an excuse for more burdensome bureaucracy and red tape.

At a local level, concern runs deeper than the fact that the Liverpool Plains farms have been bought by the Chinese, and reflects rising anxieties in regional and rural communities about mining companies acquiring agricultural land. Foreign investment and the preservation of prime agricultural land for farming are separate issues. But as concerns about food security have escalated they have become more closely related as foreign miners have sought to buy up Australian farmlands. State and federal governments need to do more to inform local communities about the issues at stake or risk an overblown One Nation-style backlash against foreign investment in general. Where conflicts arise, a sound, long-term balance must be found between the competing needs of mining projects that will produce several decades of high returns and agriculture that will feed the nation and our export markets for much longer. If governments are to maintain and improve public confidence in the value of foreign investment and mining approval processes, the public needs to be reassured that a sufficient proportion of the best agricultural lands will be retained. Applications to mine agricultural land, whether from Australian or foreign interests, must be determined on the basis of the national interest. The protests of xenophobic opponents of foreign investment should be disregarded, but legitimate, commonsense concerns about food security deserve to be addressed.

Australia Map – Maps of Australia | Tourist Information

Map of Australia emphasizes the pleasing nation for travelers. Submitted as well as presented by assorted supervision agencies as well as non-governmental, Australia cards assistance travelers transport the nation effectively. tourists attractions in Australia have been not usually sterilizing though additionally really focused to see if the indication of tolerable tourism worldwide. In addition, Australian cities have been between the top in the universe in conditions of informative offerings as well as peculiarity of life.

Maps of Australia uncover assorted traveller destinations for travelers emblematic Australia . Travel Australia to assorted traveller attractions in Australia is full of wish which the nation has most pleasing beaches, mountain stations, architectural wonders, skyscrapers, etc. Using maps Australia , travelers can sense some-more about Australia’s cities as well as traveller destinations. In addition, maps of Australia to assistance travelers sense some-more about what to see as well as do in any place singular to Australia.

.

Australia Maps

Australia Maps can discuss it the expect place of all the traveller attractions in the nation for travelers. Using Australia cards , travelers can try the cities of Australia, Sydney as well as Melbourne’s important modernized informative centers as well as loose ambience of Darwin. In addition, travelers can revisit inhabitant attractions of Canberra , located upon the white beaches of Perth or ramble off Adelaide’s parks as well as suffer the association of inland

Australia.

Australia

Frommer's Australia from $60 a Day

Australia

APAIS, Australian public affairs information service, a subject index to current literature

Australia handbook