INTERNATIONAL investors continue to snap up Australian land and agribusiness.
And still the Federal Government awaits the findings of a foreign investment review.
The review, announced late last year, will determine Australia's level of foreign ownership.
The review will draw on information collected from the Australian Bureau of Statistics' Agricultural Census sent to 171,000 agribusinesses this year, and a separate land and water ownership survey sent to 10,000 businesses.
Results are due out in September, but must then be analysed.
In the interim, foreign investors can purchase rural land and agribusiness without question for less than $231 million.
The Weekly Times earlier this month reported the pending sale of 8500ha in western Victoria to a Middle East agriculture company for $35 million.
AusBuy chief executive Lynne Wilkinson called for an immediate moratorium on foreign land transactions.
Assistant Treasurer Bill Shorten said the review would allow better understanding of the issue, but for now, he had "confidence in the Foreign Investment Review Board".
