Australian Business Contacts

Australian Business And Online Affiliate Contacts

Senator Pauline Hanson: I rise today in support of the Register of Foreign Ownership of Agricultural Land Amendment (Water) Bill 2016. I believe it is very important. Under this bill, from 1 July 2017, foreign investors will be required to register, with the Australian Taxation Office, details of both their existing ownership of water rights and any subsequent rights that they purchase. This is a long overdue measure, as currently there is no comprehensive source of information on this. Currently, the only official source of national data on foreign ownership of Australian water is ABS’s Agricultural land and water ownership survey, also known as the ALWOS, which was conducted in 2010 and 2013.

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