The huge pastoral holdings of the Kidman Co will stay in Aussie hands.

Well done.

Foreigners should not be permitted to own Australian land.

Lease, yes.

Own, no.

Chinese govt now owns the port of Darwin.

Kat wrote on Nov 19^th, 2015 at 9:13am:

Foreigners should not be permitted to own Australian land. Lease, yes. Own, no.

I'd agree to that.

So give him a round of applause for Christ sake.
You've been quick enough with the morriscum in the past.
He's the first treasurer in ages to have the balls.

bogarde73 wrote on Nov 19^th, 2015 at 9:58am:

So give him a round of applause for Christ sake. You've been quick enough with the morriscum in the past. He's the first treasurer in ages to have the balls.

Ditto.

Jovial Monk wrote on Nov 19^th, 2015 at 9:49am:

Chinese govt now owns the port of Darwin.

99 year lease?

Fantastic news but lets set this in stone for anything over xxxx acres

I think the decision was due to some land being close to some sensitive defence or intelligence land.

That is just tokenism that hides the truth. The Liberals have been responsible for putting more Australian assets into foreign hands than any other political party. It's why the government of Singapore now owns more Australian energy and telecommunications infrastructure than the Government of Australia. Blocking a sale here and there doesn't atone for past sins.

Well i'm a half glass full kind of person. I like to give credit wherever and whenever I think it's due.

Kat wrote on Nov 19^th, 2015 at 9:13am:

Foreigners should not be permitted to own Australian land. Lease, yes. Own, no.

in case you are unaware... no one OWNS LAND....its all leased..

if the govt want it back.. they will take it no matter what you say or do...

take the bricks by all means but the land always remains..

Bam wrote on Nov 19^th, 2015 at 12:03pm:

That is just tokenism that hides the truth. The Liberals have been responsible for putting more Australian assets into foreign hands than any other political party. It's why the government of Singapore now owns more Australian energy and telecommunications infrastructure than the Government of Australia. Blocking a sale here and there doesn't atone for past sins.

dont panic dear.. it [assets]never leave the country.....

its just money changing hands.....

I have yet to hear of any aussie knocking back an offer from an overseas investor....sorry but when I sold my house I did not occur to me to ask if they were Australians buying it..... ::) ::) ::) ::)..

would I have knocked them back had they said NO..

well to be honest I doubt it... but who knows..

Kat wrote on Nov 19^th, 2015 at 9:13am:

Foreigners should not be permitted to own Australian land. Lease, yes. Own, no.

It's not like they can pack it up and take it home with them.

crocodile wrote on Nov 19^th, 2015 at 10:32pm:

Kat wrote on Nov 19th, 2015 at 9:13am: Foreigners should not be permitted to own Australian land. Lease, yes. Own, no. It's not like they can pack it up and take it home with them.

No - but the profits and taxes vanish offshore......

Grappler Truth Teller Feller wrote on Nov 19^th, 2015 at 10:33pm:

crocodile wrote on Nov 19th, 2015 at 10:32pm: Kat wrote on Nov 19th, 2015 at 9:13am: Foreigners should not be permitted to own Australian land. Lease, yes. Own, no. It's not like they can pack it up and take it home with them. No - but the profits and taxes vanish offshore......

Had a bizarre situation arise in my town a couple of years ago my local council sold a park to a chinese investment company Everich International on that land there now is a Woolworths and a Dan Murphys.

cods wrote on Nov 19^th, 2015 at 2:26pm:

Bam wrote on Nov 19th, 2015 at 12:03pm: That is just tokenism that hides the truth. The Liberals have been responsible for putting more Australian assets into foreign hands than any other political party. It's why the government of Singapore now owns more Australian energy and telecommunications infrastructure than the Government of Australia. Blocking a sale here and there doesn't atone for past sins. dont panic dear.. it [assets]never leave the country..... its just money changing hands..... I have yet to hear of any aussie knocking back an offer from an overseas investor....sorry but when I sold my house I did not occur to me to ask if they were Australians buying it..... ::) ::) ::) ::).. would I have knocked them back had they said NO.. well to be honest I doubt it... but who knows..

Cods, from what I heard the sale was blocked on national security grounds because part of the land is adjacent to the Woomera Protected Area. Morrison had no real choice but to block the sale.

Grappler Truth Teller Feller wrote on Nov 19^th, 2015 at 10:33pm:

crocodile wrote on Nov 19th, 2015 at 10:32pm: Kat wrote on Nov 19th, 2015 at 9:13am: Foreigners should not be permitted to own Australian land. Lease, yes. Own, no. It's not like they can pack it up and take it home with them. No - but the profits and taxes vanish offshore......

Same as if it were leased.

BTW, the taxes are payable here. There's nothing magic about ownership of the land. The profits are distributed to the shareholders or become retained earnings for future capitalisation. Same as any other organisation.

crocodile wrote on Nov 19^th, 2015 at 11:01pm:

Grappler Truth Teller Feller wrote on Nov 19th, 2015 at 10:33pm: crocodile wrote on Nov 19th, 2015 at 10:32pm: Kat wrote on Nov 19th, 2015 at 9:13am: Foreigners should not be permitted to own Australian land. Lease, yes. Own, no. It's not like they can pack it up and take it home with them. No - but the profits and taxes vanish offshore...... Same as if it were leased. BTW, the taxes are payable here. There's nothing magic about ownership of the land. The profits are distributed to the shareholders or become retained earnings for future capitalisation. Same as any other organisation.

Only after the back-to-momma loans and costs to 'consulting firms' etc, etc, etc on paper are paid off - and these shareholders are where (ta-boom-tish) - Not In Australia?  Wanna bet the lot is distributed to 'shareholders' offshore and future re-capitalisation is via back-to-momma loans that will incur tax deduction again.

You are but one step away there, Croc, but your work is good.  Read up on Alan Bond's companies structure for a good lesson.

Bam wrote on Nov 19^th, 2015 at 10:48pm:

cods wrote on Nov 19th, 2015 at 2:26pm: Bam wrote on Nov 19th, 2015 at 12:03pm: That is just tokenism that hides the truth. The Liberals have been responsible for putting more Australian assets into foreign hands than any other political party. It's why the government of Singapore now owns more Australian energy and telecommunications infrastructure than the Government of Australia. Blocking a sale here and there doesn't atone for past sins. dont panic dear.. it [assets]never leave the country..... its just money changing hands..... I have yet to hear of any aussie knocking back an offer from an overseas investor....sorry but when I sold my house I did not occur to me to ask if they were Australians buying it..... ::) ::) ::) ::).. would I have knocked them back had they said NO.. well to be honest I doubt it... but who knows.. Cods, from what I heard the sale was blocked on national security grounds because part of the land is adjacent to the Woomera Protected Area. Morrison had no real choice but to block the sale.

Aha - glow in the dark beef!  White gai-jin secretly plotting to destroy Chinese rich class with poisoned food..... but friend in Aussie government all fix!!  Numbah One!

Grappler Truth Teller Feller wrote on Nov 20^th, 2015 at 5:04am:

crocodile wrote on Nov 19th, 2015 at 11:01pm: Grappler Truth Teller Feller wrote on Nov 19th, 2015 at 10:33pm: crocodile wrote on Nov 19th, 2015 at 10:32pm: Kat wrote on Nov 19th, 2015 at 9:13am: Foreigners should not be permitted to own Australian land. Lease, yes. Own, no. It's not like they can pack it up and take it home with them. No - but the profits and taxes vanish offshore...... Same as if it were leased. BTW, the taxes are payable here. There's nothing magic about ownership of the land. The profits are distributed to the shareholders or become retained earnings for future capitalisation. Same as any other organisation. Only after the back-to-momma loans and costs to 'consulting firms' etc, etc, etc on paper are paid off - and these shareholders are where (ta-boom-tish) - Not In Australia?  Wanna bet the lot is distributed to 'shareholders' offshore and future re-capitalisation is via back-to-momma loans that will incur tax deduction again. You are but one step away there, Croc, but your work is good.  Read up on Alan Bond's companies structure for a good lesson.

That's not the point Grapples. The deed holder of the land has no effect on the above. It is true whether the premises and land are owned, rented, leased or squatted.

Well done Morrison, even though the reason to block it a bit of BS.

The main reason it was blocked was the public are very anti the sale, after all we are talking about about 1% of the total land mass of Australia.

He has left the door open for them to come back with alternate proposals so a joint venture 50/50 with Australian interests might be acceptable

Grappler Truth Teller Feller wrote on Nov 20^th, 2015 at 5:06am:

Bam wrote on Nov 19th, 2015 at 10:48pm: cods wrote on Nov 19th, 2015 at 2:26pm: Bam wrote on Nov 19th, 2015 at 12:03pm: That is just tokenism that hides the truth. The Liberals have been responsible for putting more Australian assets into foreign hands than any other political party. It's why the government of Singapore now owns more Australian energy and telecommunications infrastructure than the Government of Australia. Blocking a sale here and there doesn't atone for past sins. dont panic dear.. it [assets]never leave the country..... its just money changing hands..... I have yet to hear of any aussie knocking back an offer from an overseas investor....sorry but when I sold my house I did not occur to me to ask if they were Australians buying it..... ::) ::) ::) ::).. would I have knocked them back had they said NO.. well to be honest I doubt it... but who knows.. Cods, from what I heard the sale was blocked on national security grounds because part of the land is adjacent to the Woomera Protected Area. Morrison had no real choice but to block the sale. Aha - glow in the dark beef!  White gai-jin secretly plotting to destroy Chinese rich class with poisoned food..... but friend in Aussie government all fix!!  Numbah One!

hilarious.....the thing is grap.. we can do nothing without the govts [of the day]consent.. we think we own things and can build things  just as we wish... ::) ::) ::)..

those days are long gone..

bogarde73 wrote on Nov 19^th, 2015 at 1:18pm:

Well i'm a half glass full kind of person. I like to give credit wherever and whenever I think it's due.

I am a half a glass is a  half a glass type of guy but have to say that Scotty has gone from 0 out of 100 to 1 out of 100 by getting his first decision right in years.

bogarde73 wrote on Nov 19^th, 2015 at 1:18pm:

Well i'm a half glass full kind of person. I like to give credit wherever and whenever I think it's due.

Just curious - is there any such thing as a quarter glass full type of person or is there a point where we all turn into realists ?

I am currently looking at a cup about 8% full but can not help but to see it as almost empty, disappointing really, I don't know where it all went.

Lucky I know where it comes from.

It is now 0.2% full but the rest won't come out - I'm declaring it empty or zero per cent full.