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Govt must act to protect water licences from foreign ownership

The Australian Greens are calling on the federal government to alter the powers of the Foreign Investment Review Board to include water licences.

 

It comes amid an overwhelming response from everyday Australians toward the acquisition of prime farming land by foreign companies and shows the Federal government must act to ensure water allocation licences in the Murray Darling Basin and other part of the country are protected.

 

"Australians don't want foreign companies buying up prime agricultural land so they can be turned into mining sites and they do not want water allocation rights acquired by parties not interested in protecting future flows," the Greens' water and Murray Darling Basin spokesperson, Sen. Sarah Hanson-Young, said today.

 

"The Greens want the federal government to publish a list of foreign owners of water licences, not just land ownership.

 

"We also want the Foreign Investment Review Board's powers to be strengthened to include assessing water licences, because currently the board does not examine this vital part of Australia's future."

 

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