BARNABY Joyce has no issues with foreign investment in Australian farms.

But the Nationals deputy leader and Agriculture Minister yesterday said he didn't want to see that investment go unchecked.

"I've got no problems with foreign investment," he said.

"But I think the government has a duty to have a proper oversight as asked of us by the Australian people."

Mr Joyce said the Labor Party planned to allow individuals from overseas to buy up to $1 billion worth of property before having it examined by the government's Foreign Investment Review Board.

He said if an individual bought various pieces of land under that cap across Australia, the percentage of foreign ownership would soon add up.

"(The National Party) believe that after $15 million it needs to go to the Foreign Investment Review Board if you're looking at an individual from overseas," Mr Joyce said.


QLD urged to back NZ border bubble

Premium Content QLD urged to back NZ border bubble

The big post-pandemic opportunity Qld could miss

‘Lock it up now’: Trespassing spike prompts police warning

Premium Content ‘Lock it up now’: Trespassing spike prompts police warning

FOLLOWING a rise in trespass offences over the weekend, Chinchilla police are...

Fire crews rush to blaze near Chinchilla

Premium Content Fire crews rush to blaze near Chinchilla

CREWS have arrived to an inferno that has broken out along a country road near...