Tuesday, June 28, 2022
cnntoday
  • World
    • Africa
    • Europe
    • Middle East
    • China
  • United States
  • India
  • Australia
  • UK
  • Business
  • History & Art
  • Science
  • Sports
  • Video Reels
  • Shorts
No Result
View All Result
  • World
    • Africa
    • Europe
    • Middle East
    • China
  • United States
  • India
  • Australia
  • UK
  • Business
  • History & Art
  • Science
  • Sports
  • Video Reels
  • Shorts
No Result
View All Result
News 100
No Result
View All Result
Home Business

Foreign ownership of water register doing the job, says Productivity Commission

August 17, 2021
in Business
Reading Time: 3 mins read
0 0
A A
0
Foreign ownership of water register doing the job, says Productivity Commission
0
SHARES
24
VIEWS

There was no need for major changes to the way Australia records foreign ownership of water, according to the Productivity Commission.

Key points:

  • Eleven per cent of Australia’s water is owned by foreigners
  • Interests in Canada hold the most of overseas-owned Australian water, ahead of China, USA and the UK
  • The Commission found a low awareness of the register, raised questions about its purpose, usefulness

Currently, 11 per cent of Australia’s water is owned by foreigners, with the highest proportion of foreign-owned water held in Queensland and Western Australia.

Since 2017, any foreign person who acquires a water asset has been required to notify the Australian Taxation Office (ATO).

Canada is the foreign nation that holds the most overseas-owned Australian water, ahead of China, USA and the UK.

Water is able to be owned because the water reforms over the past 30 years have supported the development of markets for water. 

The thinking is that creating water entitlements as tradable assets has allowed water to be used more efficiently and has provided new opportunities to invest capital — from both domestic and foreign sources.

A draft report released by the Commission today found that few Australians were aware of the Register of Foreign Ownership of Water Entitlements, but that the information it provided was sufficient.

The report made three recommendations:

That state and territory governments link their water registers to the foreign register of water entitlements, and inform foreign entitlement holders to register with the ATO;

That future ATO reports identify farm landholders among water registrants;

That the ATO better explain the mandatory need for the foreign register and various terms linked to its use.

In its report, the Commission noted that the public perception of foreign ownership of water was often not shared by mining and farming industries, which were responsible for most water ownership.

“The Australian community generally perceives the risks and threats associated with foreign investment more prominently than the benefits.

“In contrast, the Commission has observed that the agricultural and mining sectors, which are the predominant holders of water entitlements, have few concerns about foreign investment in water entitlements and generally support it,” the Commission said in its report.

Not much would change 

The report said that major industry groups from the farm and mining sectors rarely raised foreign ownership of water as a concern.

The Commission said few water market participants referred to the register and suggested that “maybe not a great deal” would change if the register did not exist.

“The Commission considers it unlikely that, in the absence of the register, the Australian Government would significantly tighten its policies for foreign investment or water markets in response to pressure from community members,” it said.

However, the report said, that if the register did not exist, the government “might make small adverse changes”.

“Indeed, establishment of the register may have pre-empted a more stringent policy approach,” it said.

“Inquiry participants involved in the register’s creation noted that it was viewed as a light touch policy measure that would deter calls for a more restrictive alternative,” the Commission found.

Level of information is sufficient 

The Commission’s report said that non-compliance was “likely inadvertent” and unlikely to have a significant impact on the register’s reporting.

It found that calls to add reporting data to the register could likely breach confidentiality provisions relating to tax laws, and may not be geographically consistent.”

“These constraints aside, publishing more detailed information would increase the administrative costs associated with the register. These costs would not be justified by the benefits.”

“The current level of information published in the statistical report, with figures published at the national, state and Murray Darling Basin levels, is sufficient to support confidence in Australia’s foreign investment regime.”

A final report is due to the federal government in December.



Source link

Tags: foreign ownershipmurray-darlingproductivity commissionwater
ShareTweetShareSendSend

Related Posts

Business

Credit Suisse is fined for helping a Bulgarian drug ring launder money, a court said.

June 27, 2022
19
Business

Russia Appears to Miss Its Foreign Debt Payment Deadline

June 27, 2022
19
Tokyo residents told to conserve power as Japan endures unusually intense heatwave
Business

Tokyo residents told to conserve power as Japan endures unusually intense heatwave

June 27, 2022
19

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

News 100

© 2021 News100

https://securetpnews.info/slot-gacor/ https://news100.org/situs-judi-slot-terbaik-dan-terpercaya-no-1/ slot online Slot Gacor Slot Terbaru Situs Slot Gacor Slot Gacor Gampang Menang http://germaninn.com.au/poker-online/index.html https://www.takecarepharmacy.com/13-situs-judi-slot-gacor-gampang-menang/ http://germaninn.com.au/sbobet/index.html https://www.foxholegame.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.shinnecock-nsn.gov/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.fuyu.com.my/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.bramptonconsultancy.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.rhapp.org/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.kubedliving.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.amongstliars.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.orthodonticacademy.co.uk/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.waste4warmth.org/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.redehospitalcasa.com.br/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.redehospitalcasa.com.br/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.sistahspace.org/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.halaleatsfw.com/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.fuyu.com.my/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.piaget.edu.vn/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.davisdanceco.com/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.imaginariumtheatre.co.uk/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.shinnecock-nsn.gov/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.lupinewoods.co.uk/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.masterthenec.com/community/profile/10-judi-slot-online-jackpot-terbesar-2022/ https://associazionenuovapescara.it/forum-delle-idee/profilo/10-judi-slot-online-jackpot-terbesar-2022/ https://www.networksofopportunity.org/profile/situs-judi-slot-online-paling-gacor/profile https://www.waste4warmth.org/profile/situs-judi-slot-online-paling-gacor/profile https://www.rhapp.org/profile/situs-judi-slot-online-paling-gacor/profile https://associazionenuovapescara.it/forum-delle-idee/profilo/situs-judi-slot-online-paling-gacor/ https://www.sciencefilm.ch/profile/slot-gacor-2022/profile https://www.olivasdegramado.com.br/profile/slot-gacor-2022/profile https://kingsherald.com/kingslanding/profile/situs-slot-gacor-gampang-menang-terbaru-2022/ https://associazionenuovapescara.it/forum-delle-idee/profilo/situs-slot-gacor-gampang-menang-terbaru-2022/ https://www.lajoven.es/profile/situs-slot-gacor-gampang-menang-terbaru-2022/profile https://www.kubedliving.com/profile/slot-gacor-gampang-menang-2022/profile https://www.halaleatsfw.com/profile/slot-gacor-gampang-menang-terbaru-2022/profile https://www.imaginariumtheatre.co.uk/profile/slot-gacor-gampang-menang-2022/profile https://www.sciencefilm.ch/profile/slot-gacor-gampang-menang-2022/profile https://www.shinnecock-nsn.gov/profile/situs-judi-slot-terbaik-dan-terpercaya/profile https://www.bramptonconsultancy.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.amongstliars.com/profile/situs-judi-slot-terbaik-dan-terpercaya/profile https://www.foxholegame.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.kubedliving.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.imaginariumtheatre.co.uk/profile/situs-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.waste4warmth.org/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.aarepla.org/profile/situs-judi-slot-terbaik-dan-terpercaya/profile https://associazionenuovapescara.it/forum-delle-idee/profilo/situs-judi-slot-terbaik-dan-terpercaya/ https://www.statetodaytv.com/profile/weednesday/profile https://www.phmais.pt/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://lm.edu.sa/forum/profile/situs-judi-slot-terbaik-dan-terpercaya-no-1/ https://www.shinnecock-nsn.gov/profile/slot-online-paling-gacor-gampang-menang/profile https://www.rhapp.org/profile/slot-online-paling-gacor-gampang-menang/profile https://es.gybn.org/profile/situs-judi-slot-online-paling-gacor/profile https://www.2021.hccg.gov.tw/profile/situs-judi-slot-online-paling-gacor/profile https://es.gybn.org/profile/slot-gacor-gampang-menang-anti-rungkad/profile https://www.2021.hccg.gov.tw/profile/slot-gacor-gampang-menang-2022/profile

Navigate Site

  • Contact Us
  • Privacy & Policy
  • Other Links

Follow Us

No Result
View All Result
  • World
    • Africa
    • Europe
    • Middle East
    • China
  • United States
  • India
  • Australia
  • UK
  • Business
  • History & Art
  • Science
  • Sports
  • Video Reels
  • Shorts

© 2021 News100

https://securetpnews.info/slot-gacor/ https://news100.org/situs-judi-slot-terbaik-dan-terpercaya-no-1/ slot online Slot Gacor Slot Terbaru Situs Slot Gacor Slot Gacor Gampang Menang http://germaninn.com.au/poker-online/index.html https://www.takecarepharmacy.com/13-situs-judi-slot-gacor-gampang-menang/ http://germaninn.com.au/sbobet/index.html https://www.foxholegame.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.shinnecock-nsn.gov/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.fuyu.com.my/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.bramptonconsultancy.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.rhapp.org/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.kubedliving.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.amongstliars.com/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.orthodonticacademy.co.uk/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.waste4warmth.org/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.redehospitalcasa.com.br/profile/kumpulan-15-daftar-situs-slot-gacor-gampang-menang-hari-ini-2022/profile https://www.redehospitalcasa.com.br/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.sistahspace.org/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.halaleatsfw.com/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.fuyu.com.my/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.piaget.edu.vn/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.davisdanceco.com/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.imaginariumtheatre.co.uk/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.shinnecock-nsn.gov/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.lupinewoods.co.uk/profile/kumpulan-daftar-10-situs-judi-slot-online-jackpot-terbesar-2022/profile https://www.masterthenec.com/community/profile/10-judi-slot-online-jackpot-terbesar-2022/ https://associazionenuovapescara.it/forum-delle-idee/profilo/10-judi-slot-online-jackpot-terbesar-2022/ https://www.networksofopportunity.org/profile/situs-judi-slot-online-paling-gacor/profile https://www.waste4warmth.org/profile/situs-judi-slot-online-paling-gacor/profile https://www.rhapp.org/profile/situs-judi-slot-online-paling-gacor/profile https://associazionenuovapescara.it/forum-delle-idee/profilo/situs-judi-slot-online-paling-gacor/ https://www.sciencefilm.ch/profile/slot-gacor-2022/profile https://www.olivasdegramado.com.br/profile/slot-gacor-2022/profile https://kingsherald.com/kingslanding/profile/situs-slot-gacor-gampang-menang-terbaru-2022/ https://associazionenuovapescara.it/forum-delle-idee/profilo/situs-slot-gacor-gampang-menang-terbaru-2022/ https://www.lajoven.es/profile/situs-slot-gacor-gampang-menang-terbaru-2022/profile https://www.kubedliving.com/profile/slot-gacor-gampang-menang-2022/profile https://www.halaleatsfw.com/profile/slot-gacor-gampang-menang-terbaru-2022/profile https://www.imaginariumtheatre.co.uk/profile/slot-gacor-gampang-menang-2022/profile https://www.sciencefilm.ch/profile/slot-gacor-gampang-menang-2022/profile https://www.shinnecock-nsn.gov/profile/situs-judi-slot-terbaik-dan-terpercaya/profile https://www.bramptonconsultancy.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.amongstliars.com/profile/situs-judi-slot-terbaik-dan-terpercaya/profile https://www.foxholegame.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.kubedliving.com/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.imaginariumtheatre.co.uk/profile/situs-judi-slot-terbaik-dan-terpercaya-no-1/profile https://www.waste4warmth.org/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://www.aarepla.org/profile/situs-judi-slot-terbaik-dan-terpercaya/profile https://associazionenuovapescara.it/forum-delle-idee/profilo/situs-judi-slot-terbaik-dan-terpercaya/ https://www.statetodaytv.com/profile/weednesday/profile https://www.phmais.pt/profile/situs-judi-slot-terbaik-dan-terpercaya-no1/profile https://lm.edu.sa/forum/profile/situs-judi-slot-terbaik-dan-terpercaya-no-1/ https://www.shinnecock-nsn.gov/profile/slot-online-paling-gacor-gampang-menang/profile https://www.rhapp.org/profile/slot-online-paling-gacor-gampang-menang/profile https://es.gybn.org/profile/situs-judi-slot-online-paling-gacor/profile https://www.2021.hccg.gov.tw/profile/situs-judi-slot-online-paling-gacor/profile https://es.gybn.org/profile/slot-gacor-gampang-menang-anti-rungkad/profile https://www.2021.hccg.gov.tw/profile/slot-gacor-gampang-menang-2022/profile

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Slot88

Slot Gacor

Situs Slot Gacor

Slot Gacor

Slot Online

Daftar Slot88

Slot88

Slot Gacor

Slot Gacor

Slot88 Online

Slot Gacor Pragmatic

Slot Online Terbaik dan Terpercaya

Slot Gacor

Slot Online Terbaik dan Terpercaya