This sale happened 2012, since then no mention what the Chinse have done with our land.
At 2018 Chinese population has reached a growth of 1.414.045.928, represent 18.54%of the world’s population.
Our best land sold to the Chinese, by our Labor government. (Your Democrats)
You require 3 acres of arable land to feed and clothe one person in Australia.
China has only 20% of arable land, the rest is desert, mountains, and concrete constructions, with over 1.3 Billion of people to feed and clothe, it will require 3.9Billion acres of arable land. Where do get it, try Australia and other Countries. Our Government with lack of Wisdom is selling our Sovereignty.
China has announced it has $120 Billion to invest, so it can feed its people. So when everything is sold in Australia to the Chinese, Who is going to feed us.
Federal Government approves Cubbie farm sale to Chinese-led consortium
A giant pump on Cubbie station.
TREASURER Wayne Swan Labor Party last night approved the sale of Australia's largest privately owned farm and water user to a Chinese-led consortium.
The decision to approve the sale of Cubbie farm in Queensland followed a green light from the Foreign Investment Review Board.
As part of the conditions for approval, Cubbie will be managed and operated by Lempriere. The farm, which went into receivership in 2009 with debts of $300 million, holds around 50 water licences and uses 500,000 megalitres of water a year - more than the capacity of Sydney Harbour.
Bitter cross-border disputes have marked its history, with NSW farmers in the nation's food belt arguing they have been deprived of water because of the failure of Cubbie and the Queensland government to release flows from its massive upstream dams.
Heritage listed wetlands in NSW have also suffered from the refusal of Cubbie to release environmental flows into the Murray Darling system.
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AUSTRALIA'S largest water farm will today fall into Chinese hands after the government approved its controversial sale late last night.
But Mr Swan last night said water management would not be affected by the sale.
The $320 million cotton station has been under administration for three years, with the government unable to find an Australian buyer.
A consortium negotiating the sale will be 80 per cent controlled by Chinese textile company Shandong RuYi.
Cubbie Farm
Australian family-owned wool group Lempriere will hold 20 per cent.
Mr Swan said the approval was only given on the condition that RuYi sell down its stake to 51 per cent within three years.
The government also secured "undertakings" from the consortium to offer jobs to all current employees as well as "arms length" management of cotton sales and water extraction and use, which would continue to be subject to government regulation.
Homestead
Cubbie Station in far southwestern Queensland. The station's airstrip, accommodation and utility facilities.
"The government welcomes foreign investment in Australia and continues to ensure that investments are consistent with Australia's national interest," Mr Swan said.
Deputy National Party leader Barnaby Joyce demanded Mr Swan reveal the shareholder list of the Chinese company, accusing it of being an arm of the Chinese government: "I absolutely and utterly disagree with this. I've got no problem with the Chinese being clever. I've got an issue with our government being stupid.
"What this says is that the Foreign Investment Review Board is in a mess and is simply not interested in protecting the national interest."
Dam
Some of the huge dams on Cubbie Station, just west of Dirranbandi. Picture: Lyndon Mechielsen Source: News Limited
However Opposition Leader Tony Abbott appeared to back the sale to the Chinese-led consortium.
"I can appreciate a lot of people would be dismayed but look the (FIRB) would have carefully looked at it, they would have looked at what investment the Chinese are bringing in, what improvements the Chinese intend to make - are the Chinese going to be an active contributor to the local economy."
Irrigation
Cubbie Station in far southwestern Queensland. Irrigation channels in a freshly planted crop.
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