Australian opposition plans tighter farm investment rules


CANBERRA (Reuters) - Australia's conservative opposition, favoured to win power at elections on September 7, will tighten scrutiny of foreign investment into the country's farm sector over concerns of rising interest from China in Australian agriculture.

Opposition leader Tony Abbott confirmed his Liberal-National Party coalition would significantly lower the threshold for land purchases to be considered by Australia's Foreign Investment Review Board (FIRB) if he wins power.

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