No more foreign acquisitions, taking our fresh milk is the final straw: Katter

Federal Member Bob Katter has taken his fight to protect Australia from foreign corporations to the floor of the Federal Parliament.

The Katter’s Australian Party Member introduced a Bill today to protect Australia from the foreign corporate colonisation of rural and regional areas (The Foreign Acquisitions and Takeovers Amendment (Strategic Assets) Bill 2020) – the second time Mr Katter has introduced the Bill in five years.

Bob Katter Means Business

Maverick MHR Bob Katter says no more foreign ownership as a Chinese company buys the country’s remaining dairy assets. “Soon we will be drinking Chinese powdered milk. All of our fresh milk will have gone into powder for China.Lion Dairy & Drinks, which produces brands such as Dairy Farmers, Masters and Pura milk will be owned by the Chinese Government company,  Mengniu Dairy.

Mr Katter said he didn’t know how other MPs would be able to look at their grandchildren and great grandchildren in the eye and tell them that they sold off their nation.

“On behalf of the Australian people we say no more foreign ownership,” Mr Katter said.

“Around 30 per cent of the people I meet tell me they are shocked and horrified that the Government is selling Australia off and out.”

The Bill states a foreign person cannot acquire a 10 per cent or greater interest in Australian land, water, or other assets that are of strategic economic or defence significance.

“A two thirds majority in both houses of parliament must approve foreign acquisitions, and the acquisition will be for no more than 45 percent of the asset,” Mr Katter said.

13.4 per cent of Australia’s agricultural land is foreign owned according to the ATO’s latest statistics from July 2018.

And foreign agricultural ownership is as high as 25 per cent in Western Australia and the Northern Territory.

Similarly with Australia’s water assets, the ATO data shows 10.4 per cent is owned by foreign interests.

“The Ord stage two and stage three were given completely to China, despite more than 30 Australians applying for the water,” Mr Katter said.

“Our most strategic northern deep water Port in Darwin was effectively sold off as well.

“It was also the most strategic Port for the Americans in the South Pacific. Is there anything this Government won’t sell?”

The Bill also calls for the establishment of a Foreign Ownership Assessment Board (FOAB) to determine whether an asset is of strategic economic or defence importance.

Mr Katter said the board would be chosen by a majority of the Senate of Australia and any determination of the FOAB would be reviewable by an appeals tribunal.

 

About Editor, cairnsnews

One of the few patriots left who understands the system and how it has been totally subverted under every citizen's nose. If we can help to turn it around we will, otherwise our children will have nothing. Our investigations show there is no 'government' of the people for the people of Australia. The removal of the Crown from Australian Parliaments, followed by the incorporation of Parliaments aided by the Australia Act 1987 has left us with corporate government with policies not laws, that apply only to members of political parties and the public service. There is no law, other than the Common Law. This fact will be borne out in the near future as numerous legal challenges in place now, come to a head soon.

Posted on February 25, 2020, in agriculture, China, Chinese Control, Chinese land owners, Corporate Government, Dairy farmers, Food Security, foreign ownership, Labor Party, Liberal National Party and tagged , . Bookmark the permalink. 5 Comments.

  1. About time this subject was brought to light,most australians have no idea we are being sold out.we cannot own land in china ,so china should not be able to own land in australia.

  2. What is the good of having the Senate choosing the FOAB are they not approving the sales now. They will only give theit cohoots the well paid job and carry on as before.

  3. Everyone needs to understand – our government ( the Lib-Lab alliance – Hegailain style is managing our decline..We are to be a governance region of Oceania under Chinese control..Oh yes – they love the Chinese system – taht’s why they are installing it here – wall to wall cameras and radiation..

  4. Wake up people and take action get off the couch and get involved raise some hell or you will loose it all.

  1. Pingback: No more foreign acquisitions, taking our fresh milk is the final straw: Katter | altnews.org

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