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Sovereign Wealth Funds Briefing - Categorized | Market

Australia: Investors question land plan

Posted on 04 November 2013

The Australian head of Qatar’s sovereign wealth fund-backed Hassad is calling for an urgent rethink on the ­federal government’s policy on foreign land purchases, suggesting the new criteria will hurt land prices.
The Coalition has proposed that Foreign Investment Review Board (FIRB) tests include a lower threshold for rural acquisitions of $15 million down from the existing $248 million. Hassad Australia’s John Corbett said that policy had not been thought through and would damage values, The Australian Financial Review reports………………………………Full Article: Source


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