List of Recommendations

Recommendation 1

3.31
The Committee recommends that the Australian Government prioritise implementing the Roadmap to Improve the Agricultural Statistics System. This should focus on achieving the identified outputs, including appropriate levels of detail and timeliness for agricultural data. The funding to allow for industry cooperative development and maintenance of a flexible future data environment should be part of these prioritised outcomes.

Recommendation 2

3.47
The Committee recommends that the Australian Government investigate the following to reduce the impact of foreign investment and taxation rules on agricultural investment:
Reviewing the rules regarding foreign investment advertising requirements and managed investment trust tax rates, and consider any unintended consequences when applied to investment in agriculture by companies investing on behalf of foreign interests or in tandem with domestic investors; and
Engaging with state and territory governments regarding the impact of stamp duty and land tax on agricultural investment, while investigating options for taxation offset relief at the Commonwealth level in appropriate circumstances.

Recommendation 3

3.63
The Committee recommends that the Australian Government engage with Council of Australian Governments councils and agricultural peak bodies to develop an information and promotional platform on the benefits of investing in Australian agriculture.
This platform could then be promoted to the superannuation and investment sector, both domestically and internationally, to supplement the existing international promotion undertaken by Austrade.

Recommendation 4

3.81
The Committee recommends that an initial superannuation and agricultural industry investment working group be convened, facilitated by the Australian Government in the first instance, to identify and promote improved business process, structure and corporate nature, that would attract increased investment.

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About this inquiry

The Committee will conduct an inquiry based on the superannuation fund investment in agriculture 



Past Public Hearings

25 Oct 2018: Canberra
18 Oct 2018: Canberra
20 Sep 2018: Canberra