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The foreign investment push - calls for increased overseas ownership of Australian farms.That is what drives economic growth in Australia, and that is important because that is what drives jobs for Australians.

Prepared but not scared - the government reassures the public over the latest terror threats. The Syrian government accused of dropping chlorine bombs on civilians. The Socceroos at a 1-0 World Cup qualifying win over the United Arab Emirates.

Hello and welcome to Mornings. I'm Andrew Geoghegan. We let's see how the weather is looking around the nation for this Wednesday.

Check of the share market. Trading has been under way for about an hour locally.

The government is calling for more foreign investment in Australian agricultural land. The newly released register of foreign owned farmland has revealed that just under 14% of Australia's total agricultural land is foreign owned. Companies from the UK owned the largest amount followed by the United States, the Netherlands and to Singapore. China owns just half a per cent of agricultural land in Australia, or 1.5 million hectares. Federal Trade Minister Steve Ciobo says the register shows that fears over Chinese investment have been exaggerate and more foreign capital is needed.The fact is that China is just not at the level where a lot of Australians would think it is based upon what they're seeing portrayed in the media on a regular basis. I really reins for that we must have foreign investment into a country. That is what drives economic growth in Australia and that is important because that is what drives jobs for Australians. So we need to embrace investment into our country. We have for more than 100 years and it is a vital ingredient to the continued economic growth of our country. Chief executive of the National Farmers' Federation, Tony Mahar, says further foreign investment should be explored if Australia wants to become more competitive globally.Foreign investment has been good for agriculture. We think it will continue to be good for agriculture. If we're going to take the next step as an industry and be 100 billion dollar industry which we think we can, we need a range of further investments, so domestic and foreign and that will allow us to be much more globally competitive in some of these growing markets where consumers are seeking changes in their diets and food and fibre. This register allows us to have that discussion and really address any of those fears that are out there in the community.Do these figures perhaps need greater examination? At face value we can see who owns what. But does it actually come down to how the land is used? Is that the most important factor here?It is. We want to make sure that we understand what the land is being used for and the most important thing is that we remain or retain the capacity to continue to produce food and fine they're the markets need. So suggestions around productivity tests on foreign investment would really have to be examined pretty closely. What we don't want is an asset to be exploited or flogged and then it not be able to continue to produce food and fibre for the global market. So this register is a really good thing. It allows us to know where the investment is coming from, what sector, what states and it does to a certain extent bust a couple of myths around who is investing and where.Just under 14% of total farmland foreign owned. What do you think is an appropriate level of foreign ownership?I don't think we can have a number on the level. What we need to focus on is the productivity capacity of Australian agriculture and the global competitiveness of the Australian agriculture farm sector. Clearly we need to keep an eye on who is investing and how much. But I think to draw a line around what is the total level of foreign investment I don't think that is going to be any value to us. We need to keep an eye on it. But I don't think limits are going to be helpful in this regard. investment, the
It is about the capacity, the investment, the innovative nature of the industry and ultimately its global competitiveness and growth. So youity the government still needs to be vigilant as far as who owns what in what sector. So in case there's a strong foreign ownership in one particular sector such as crops, for instance?Well, yes, and here we come into the issue of whether we are talking about foreign investment or competition policy. Sometimes they interact. This register is all about foreign investment in the sector. And we need to be clear about that and continue to monitor it because there are these concerns. But, again, what it will do and what it has done is to show the levels of investment, the trends, what countries they're coming from and what sectors, so that we can monitor and manage it. The government says recent calls for terrorist attacks in Australia should be taken seriously. However, security organisations are well equipped to deal with the threat. An Islamic State magazine has called for lone wolf attacks at locations in Sydney and Melbourne. The Justice Minister Michael Keenan says Australians should be prepared but not scared about the threat of an attack in public places.We do -- we do know they have been successful in inspiring people around the world to under take attacks. As the PM made clear in his national security statement into the Parliament last week, as we are more successful against ISIL in the field and we are destroying them in Syria and Iraq, then in many ways that does magnify the threat that they will seek further legitimacy by propagating attacks in the West and unfortunately Australia is not going to be imunion from that.Labor Senator Dastyari is still facing pressure over his links to China. The party power broker has been forced to apologise for allowing a China-linked company to pay back a debt for him. The government has targeted the Senator since the payment was revealed, claiming he should step down. There's also been growing calls to ban foreign donations to politicians and political parties. Liberal Senator Eric Abetz says the idea has merit. For one in fact expressed that view while I was Special Minister of State in the Howard Government. I was in a minority and it was not the accepted view. And I accepted that and we moved on. But as a matter of principle I think it is important that those that involve themselves within the body politic of Australia should be within Australia.Let's turn overseas and activists are again accusing the Syrian government of using chemical weapons in Aleppo. They say at least one person has been killed and more than 100 injured in the latest attack. Regime forces are continuing to bombard rebel positions across the city. As they try to recapture a strategic foreign gateway. Rebel fighters in Aleppo say government forces carried out another chemical attack. Two barrel bombs filled with chlorine are reported to have been dropped on the rebel held neighbourhood of al-Sukkari. The United Nations is already investigating reports of previous toxic chemical attacks. They will be considered war crimes, if the reports are confirmed. Elsewhere in Aleppo, rebel fighters are en circle and outgunned, desperately trying to break through the siege. When their push is stalled, they turn to remotely controlled car bombs. This one exploded at a military checkpoint. As the Army building collapses, the rebels renew their offensive. TRANSLATION: Our aim is to cut the supply route to put more pressure on government forces stationed at the military compound they have recently retaken.Aleppo is a divided city. The rebels control the eastern part. Western Aleppo is held by the Syrian Army. The two sides fight street to street to try and gain control. The Free Syrian Army is also fighting in Aleppo. But the others have the upper hand. The local commander explains low the battle is being fought. Rebel fighters move in small numbers. Their biggest concern is being targeted by Russian war planes on patrol. The Russian military intervention is thought to have stalled the rebel's momentum. The rebel push to break the siege in Aleppo failed in the past because of the divisions among the different rebel factions and the growing Russian involvement. Many are now calling for a merger of the different factions to form one Army and fight to take over the city of Aleppo. We will take you to some live shots from the Kazakh step where the latest astronauts to return from the International Space Station are about to land. We can see just the space craft making its way to earth off a paracan chute. Russian cosmonauts -- two Russian cos know nauts with Jeff Williams who spent 172 days in space at the space Station. Williams has accumulated 534 days in space over four different missions, meaning he spent more time in space than any other American astronaut. Together, the expedition, 48 crew members contributed to hundreds of experiments in biology, technology, physical science and earth science aboard the only orbitting laboratory. Let's have a listen in. To... To the south-west of where they're landing back on March 19th.

We understand that the space craft is just a couple of minutes from touchdown. So we may try to come back to that once it lands. An Australian man has died after a shark attack off New Caledonia. The 50-year-old Western Australian man fell into the batter while kitesurfing near Koumac and was bitten on the thigh. It is the second fatal shark attack in New Caledonia in the past six months. There were 98 shark attacks last year, the higher number ever recorded. Mission Australia is calling for young Aboriginal and Torres Strait Islanders to have a much greater say in the social and welfare support services they use. A report has found young indigenous Australians far more concerned about issues sump as depression and suicide than the rest of the population. Professor Tom wrote the foreword to the report.The survey was conducted across Australia and just over 1,000 were Aboriginal and Torres Strait Islander people who were predominantly living in urban and in the regional areas. So it's not a picture of those living in remote and very remote areas. But what did we find from the report that Mission Australia has been doing for the past 14 or so years they do this annual report after doing the survey, was that, yes, we see very big disparities between indigenous and non-indigenous people particularly around the area of hope and homelessness came out very high. Areas of discrimination, so there was this disparity and it's an issue that we and I think policy makers need to really consider when we look at the high levels of people taking their own life in remote and very remote communities. Aboriginal and Torres Strait Islander and non-indigenous peoples, and so we have to get into an environment where we can firstly allow the use to be -- youth to be engaged in the policies that affect them and secondly to be able to create an environment where there is hope. This goes for all youth but particularly for Aboriginal and Torres Strait Islander people as that came out in the survey. And if we don't create the environment now that can be inclusive, that can address the issues that they can identify as major issues, then these issues are just going to compound into the coming years. So it's incumbent on all governments to take a much freshure look at the way they go about their business.Let's go back to those live shots now where the latest astroout ins and cosmonauts are returning from the international space Station. The pictures make it hard to make out, given the atmosphere there that it's coming through. I can assure you it's just a minute or two away from touching down. You can see some dense cloud there. It's very difficult to make out. But we have two Russian cosmo nauts and an American astronaut making their way back to earth in a Soyuz capsule after having spent a number of months in the International Space Station. We can just see some helicopters there as this space craft makes its way to earth under a parachute. We may try to come back to that once we have some clearer pictureses of it having touched down. - We can see - we can now see some perspective where we're on the ground, as I said, very hazy there. So it's difficult

Obviously a lot of movement is on the ground and in the air wra it is touching down.

Alright. As we can see there, very difficult to keep track of that space craft that is making its way to earth. Having come from the International Space Station. Two cosmonauts and an American astronaut on board. Let's have a listen in again.We expected the Soyuz to touch down just a moment or two ago.

We are receiving reports that the Soyuz space craft has touched down there, having bringing those three crew members down to earth, having spent 172 days at the International Space

Tap around Go technology may be a more convenient way to pay for things but it's making it easier for criminals to get your money. In SA police have noticed a rise in petty theft offences, something that had previously been in decline.We identify there's an increase in the number of thefts occurring in relation to wallets and hand bags and when we look back ot our data we identified that between around 2011 and 2014 there had been a significant reduction in the number of hand bags and wallets that had been stolen. However, in 2014, that a & I peered to have changed and between 2014 and now we have identified there's been about a 10% increase in the number of hand bags an wallets that have been stolen and when we analyse that data even further we identified on about 40% of occasions when wallets and hand bags had been stolen that the credit and debit cards within those wallets and hand bags had been used in the tap-and-go function where people had stolen those cards and used those cards to receive money and services. Crime continually is changing and where people may have had committed other sorts of crime to receive that cash they can see there's an opportunity very quickly just to pick up that wallet or handbag left unattended in the licensed premises or the retail shop and then very quickly use those cards and actually receive a significant amount of money in a very quick time.Let's turn our attention overseas and Philippines President Duterte has delivered a blood thirsty anti-terror speech vowing to personal tear and part and eat Islamic militants. While speaking at the isian summit that he planted to target Abu Sayyaf, he said give me vinegar and salt and I will eat you. The President's crackdown on drug dealers in the Philippines is gaining momentum with new police data showing an average of 44 people are day are being killed. Nearly 3,000 people have been killed in anti-drug operations since June. In the UK, in has been a serious breach of security at #4r07bdon's city airport. Anti-racism activists stormed the runway halting flights for six hours. They were trying to draw attention to the impact of climate change on black people. On the runway at London City Airport just before 6 o'clock this morning, nine protesters from the Black- lives Matter movement grounded all flights. Police arrived to find the group locked together and attached to a tripe odd, it took officers nearly six hours to remove them and make arrests. The anti-racism group says it's highlighting the UK's environmental impact on the lives of black people.When we say Black Lives Matter we mean those that live in prom imity to facilities like airports and the busiest roads and power plants, and we are also talking about the black lives that are far away from here in some of the countries that are the most affected by climate change and the least resilient to it.It's not yet clear how the protesters made their way on to the runway here, but there are suggestions they used a dinghy and crossed the water, which in itself has raised serious security concerns. London's City Airport is investigating how this security breach happened which left big delays in a terminal used by around 10,000 people each day.I've been waiting for four hours, I'm trying to get home to my wife and I'm quite tired.Absolutely frustrating. We have been here for hours and there's nine protesters, they may have a good cause but we are the ones who - and all these people are suffering. This is not the first time Black Lives Matter has caused disruption, last month blocking the M4 at Heathrow and the group say they will continue to highlight their cause. In Mexico, Hurricane Newton has battered the up-market resort area of Los Cabos, tearing roofs, uprooting trees an causing 1,500 people to spend the night in shementer. The storm had winds speeds of 145km/h when it made handful at the southern tip of the Baja California peninsula. So far, there are no reports of injuries. The World Health Organization has revised its guidelines for people visiting areas of the world affected by the Zika virus. It now says those returning from such areas should practice safe sex or abstinence for six months, a dramatic rise from the previous 2-month recommendation. The virus is primarily spread by mosquitos, but experts say there's growing evidence that sexual transition is more common than previously thought. A judge in the American state of pen Sylvania has set Bill Cosby's sexual assault trial date for June next year the 79-year-old is accused of drugging and molesting a woman at his Philadelphia home 12 years ago. At least 50 women have accused Mr Cosby of assault and prosecutors want 13 of them to testify. The former star of the Kos dos Show faces up to 10 years in prison if convicted. Three divers including an Australian have been rescued after they went missing off an island on Colombia's west coast. The men were greeted by relief family members at a port on the mainland but two other divers are still missing. The Colombian pair disappeared a week AOL when a strong current pulled them offcourse. Authorities say they're still hopeful of finding them. The uninhas beenited isle yt is renowned for its colony of hammer head sharks. The Federal Court has hearted up to 1.5 tonnes of toxic paint may have been scraped off a Chinese coal carrier when it grounded off the Great Barrier Reef six years ago. The Commonwealth now wants the owner of the Shen Neng 1 to pay $120 million dollar damage bill. It was one of the worst ever groundings in Australian waters. Leaving a 2.2km long scar along Douglas Scholl in the world heritage area. The Chinese coal car eer had veered 10km offcourse, nine days past before it was refloated. In 2012, the ship's master and chief officer were convicted in the Gladstone Magistrates Court, one was jailed, the other fined but the question of who should pay to fix the damaged shoal is only now being determined in the Federal Court. At the opening of the trial in Brisbane, the Commonwealth revealed it was suing the ship's owner Shenzhen Energy Transport for 120 million dollars to restore the shoal and remove highly toxic anti-fouling paint which had scraped off the vessel. The court heard the paint contained the compound which is lethal to marine life and was banned 20 years ago. The Commonwealth estimated up to 1.5 tonnes of paint had been dislodged, contaminating 112 hectares of shoal. It said ring the paint flakes was difficult but necessary. The poison, the contaminant in a flake will be there as long as the flake is there, not all of these flakes are just sitting on the surface, some of them have become mixed into the sediment, for example. Lawyers for the ship's owner are dispew puting liability, saying the vessel's chief officer, employed by an independent company, was to Play blame for the grounding. They're also challenging the remediation costs. More than 20 witnesses are expected to take the stand during the four-week hearing. The Australian Paralympic athletics team has had its first training session at the competition venue. Guy Stayner thought up with 3-time Australian Paralympic gold medallist Kurt Fearnley ahead of tomorrow's opening ceremony in Rio.Am out the front of the athletes village here in Vio and I'm with the captain of the athletics team, Kurt Fearnley. Kurt, do you ever get used to being at a Paralympics?You take every single one in a different lot of emotion and a different vibe and this one, this is the closest unit they've ever been associated with to share the role of captain with Danny, one of the most beautiful people I have met. She's really been able to set a tone in our team and it's a lovely one.There's talk that your training form a as good as ever. How do you rate your form?You got my text messages?I did. The word was from you, slully.I am pushing good. I am pushing good. My old man always said don't count your chickens before they hatch. I have no idea what will happen on race day but I've entered the village as fresh, well motivated, as healthy, fit and fast as I ever have been and now you just have to let the race unfold.Of your different races where do you see your best chance?I that marathon. I love it. Hour and a half out there, you get to hurt, you get to hurt other people. You get to work your way into that race, the 5 K as well is a lot of fun. I have had some of the most interesting races, some of the most action-filled races over the last four Games has been that 5 K race. Nowadays it's a pretty intense battle just to make it throw the final. So Friday night's is a big one. You have to turn up to make sure you get a crack at the medals on Sunday. I can't wait for the night before that race when I am going to be terrify and nervous and barely sleeping because that is one of the things that I will miss the most. But that marathon is a hell of a race.We wish you well in the marathon. Kurt Fearnley talking to us just like the Chef de Mission Kate McLoughlin says I think all of Australia is looking forward to watching Kurt Fearnley's last race in the marathon at the end of the Paralympics.Thank, mate.He is a champion. Let's see how the weather is looking.

A cold front has weakened over WA but another one right behind it drawing that cloud back in. Rain, thunderstorms and the risk of hail throughout the afternoon. Easing by the evening but those winds are expected to be very high, possibly 125km/h closer to the coast. Heading inland and a low pressure system bringing few showers around the interior but very warm winds as we see the low pressure system make its way across the east. We will see cold fronts following through for SA, this will bring rain into tomorrow and we have a very wet Friday ahead. In the meantime we are expecting warmer weather, 23 degrees the top in

The top stories from ABC News - the Federal Trade Minister has called for more foreign investment in farmland after the government's new register revealed just under 14% of Australian agricultural land is foreign owned. More than - and Steve Ciobo was saying that he would like more foreign investment. The Justice Minister Michael Keenan says Australians should be prepared but not scared about the threat of a terror attack. A propaganda magazine for the Islamic State terrorist group has called for lone wolf attacks at locations in Sydney and Melbourne. Mr Keenan says the authorities had the resources and power to deal with the threat. Syrian activists say the government has dropped barrel bombs filled with chlorine on civilians in Aleppo. Rescue workers in the city say government helicopters droped the chlorine bombs on the Sukkari neighbourhood. At least 89 people were said to be affected. And the Socceroos have continued their unbeaten start to the finals stage of qualification for the World Cup. With a is-0 win over the United Arab Emirates in Abu Dhabi. Tim Cahill scored the winning goal in the 75th minute, shortly after coming off the bench. Now we are expecting some GDP figures coming up any moment now. In fact we will bring in our finance reporter Alicia Barry. So have those figures dropped?We have seen the GDP figures or the growth figures for the June quarter just be released by the Australian Bureau of Statistics. And they have come in very close to expectations. So we were expecting that over the course of the three months to June we would have seen growth of around 0. 6%. We have seen growth of half a per cent. That has taken the annual growth rate to 3.3% which is not only the fastest annual growth rate in four years but also bang on line with expectations. So it's a very interesting situation in Australia, it's now been 25 years since we've had technical recession, that is two quarters of negative growth and one of the only countries in the world to have seen sump a long run of expansion.So obviously that is continuing. Nonetheless, this is a bit of a look in the rear view mirror essentially and we were talking about that last hour, given that we've had two interest rate cuts over the past few months. Interesting effect what that will have in the next few months?That is right. For the Reserve Bank from its perspective the most important data at the moment is the inflation data. We have seen very, very low price growth across the economy in both the first and sect quarters and we have also that's been driven a lot by our very low wages growth. We have also seen some mixed signs in the employment market, although when speaking yesterday after the decision to keep interest rates on hold, the RBA governor did point to a bit more of an up-beat outlook for the Australian economy. But if we have a look at perhaps what we can see here, we have been expecting that government spending has -- is going to be a very big driver of growth in the three months to June along with some positive household consumption and home buildings, while we have seen a bit of a drag from net exports and weak business investment. Now, if we take a look at what we have seen in these measures, the ABS is saying, as I click on it now, the ABS is saying Australia's growth did slow in the June quarter because we did see a very big surge in growth in the March quarter, 1.1% in that quarter alone. That was really led by exports volume, not prices, so that half a per cent growth for the June quarter is a slowdown but it's still pushing the Australian economy forward and still keeping it at a very strong pace, 3.3%, the strongest pace in four years. It was driven by domestic demand so that is household and public consumption so that big component of government spending we're expecting to drive the quarter forward has certainly materialised. It also says continued reduction in engineering construction associated with the mining sector offset the growth in public spending, so government spending. There was a bit of detraction in terms of international trade down from a slowing exports from that really big boost that we got in the March quarter. But income growth and this is a key component, the last time we saw income growth very Slowe slight increase but Overland the course of the year it was actually negative and that did point to declining income levels for Australians essentially coming into the country, and not a very good reading. It does say, though, this time income growth was supported by an increase in profits of non-financial corporations, associated with an improvement in Australia's terms of trade. So that does point to an increase in export prices and, if we do look at that net income, net just disposal income measure which is always key we did see over the course of the three months it was up 0. 6%. It was only up 0. 2% in June and that has taken the year to year increase to 2.3%, whereas we did see it fall 1.3% last year. So that aspects a little more positive.That certainly matters because it's a matter of how wealthy Australians feel but that disposable income. We have heard also that wages growth has been fairly flat. If people are thinking they're not getting much money for the work they do, they don't have a lot of wealth and they're unlikely to spend and that hits the economy.It certainly becoming a self- fulfilling prophecy but these figures point to the fact that companies are concerning more when it comes to non-financial companies, so perhaps in the mining space. If companies are earning more it is likely they will have more cash to pay new workers. We may see that flow through to pay increase es or new highs. That is what the Reserve Bank is looking for in terms of driving the economy forward. But it does seem as though those sectors outside of the mining sector are ticking along quite nicely as the Reserve Bank had hoped for. We are getting paid a little bit more for our commodities exports. All in all it's a fairly good number, at least on face value. And certainly in line with expectations. Nothing for the Reserve Bank to worry about here too much. Though in terms of the market reaction we haven't seen too much of a from the Australian dollar. It's sitting very close to where it was before the figures were released and quite likely because that headline figure is bang on expectations. Alicia, thanks very much. Federal Trade Minister Steve Ciobo has been meeting his British counterpart hoping to broker a new trade agreement with the UK. Previous talks occurred before Britain's surprise exit from the EU.I was pleased today to join the Secretary of State, Liam Fox, my UK counterpart, and the two of us issued a joint announcement that we would be forming a joint pork working group to scope out what a free trade agreement between Australia and the UK would look like, post-Brexit. That post Brexit is important because the UK until they formally do exit the European Union are not in a position to commence formal negotiations. So it's important that we have a lot of preliminary discussions and a scoping study for that point in time in which the UK finally exits the EU. If you look at our two-way terms of trade, the UK is 7th largest trading partner and if you look at our total pool of investment from the UK into Australia and vice verse ait's about $150 billion. So there's a lot of strong ties between Australia and the UK and the strong historical bonds as well. Committee with build off that and make sure that Australia and the UK have an even brighter future together and that is what I want to capitalise on in Australia's national interest. Shadow Assistant Treasurer and you Lee says a new government register that reveals how much of Australia's agricultural land is foreign owned does not give enough ree detail. Mr Lee says foreign investment in farmland has greatly benefitted the Australian economy.Labor believes that on balance foreign investment has been a huge benefit to Australia. If you look for example at the South Australian economy, the biggest damage that is being done is through the withdrawal of foreign investment. We need a Foreign Investment Review Board, we need a full and transparent information on land holdings. The government had promised to follow Labor's lead of fum disclosure, put -- full disclose ure, of putting a website where it was possible to check whether a particular parcel was foreign owned and, if so, who by. But they welched on that, releasing today a register which provides much less information to Australians. The reason I am so passionate about getting information out there is because we can only continue to make the case for economic openness if we have full information. If you have only partial information being released which is what we are seeing today, then the forces of xenophobia can run their scare campaigns. Yes, Australia should be able to say no to foreign investment but on balance foreign investment in August has meant more jobs and better paid jobs in regional Australia.The Victorian Farmers' Federation is launching its own brand of milk to raise funds for dairy suppliers hit by milk price cuts. The VFF says 40 cents from every 2 litre bottle of the farmers fund milk produced by Murray Goulburn and Coles will go into a fund to provide grants of up to $20,000. The VFF's President David Jochinke says he is not concerned about the supermarket giants' involvement. He insists the VFF wholly owned the farmers fund. PM Malcolm Turnbull says our region needs to focus its energy on a full court press to counter violent extreme ism. He was speaking shortly after riving in Laos for the ASEAN summit. Political editor Chris Uhlmann is travelling with the PM. With one summit scaled, the PM flew from China to Laos, and another formal welcome on another red carpet. He is joining leaders from across Asia for a meeting at ASEAN and the East Asia summit. I brings together the leading regional and global powers in eight of Australia's top 10 trading partners but here the focus is much more on security.This is the premiere forum for discussing and resolving issues of national security, economic security in our region.And the PM focus on a call from Islamic State for lone wolf attacks on significant sites in Australia.Australians can be put at risk if and indeed have lost their lives. So it's - we're all in it together. Ice got to be a very strong full court press against terrorism. We're committed to that. And I'm looking forward to some very candid and constructive decision cuss over the next fewdays. Be but the security backdrop to this meeting is growing nervous ness

-- islands in the South China Sea. No doubt it was among the talking points when the PM met his counterpart who said if Asia can't deal with this problem on the door step this nen the long run no-one would take it seriously. For the cameras the talk was about the strengthening ties between the two nations. The US has doubled its country to Laos to clear unexploded bombs left after the Vietnam War. American forces dropped nearly 270 million cluster bombs during the conflict and the effects are still being felt.In a couple of years at both state and Federal levels, we are heading into elections for third terms. Our stocks are not what they were -I will just lead you into that story a junior Federal Government Minister has broken ranks to call on the NSW Liberal Party to revitalise or risk electoral defeat in three years time. Angus Taylor said he and others had tried to recruit more members but Liberal Party power brokers had shut down their efforts. He says preselection power must be put into the hands of party members, not factional war lords.In a couple of years at both State and Federal levels, we are heading into elections for third terms. Our stocks are not what they were when we were first electioned. We can't -- elected. We can't wait for a couple of plebiscite pilots in two or three seats prior to the next election, as is the current plan. Nor is it enough for a few senior politicians in safe seats to volunteer member sites in their seats worthy as those gestures are, it simply won't cut the mustard. We need to lowter draw bridge and show the Australian people we have as much faith in our i their involvement in the party as we do their involvement at the ballot box. Australia and the United Kingdom will establish a bilateral trade grouping work to fast track free trade negotiation after Britain leaves the European Union. The bilateral group will meet twice yearly from next year and scope out parameters for a potential free trade agreement between the two countries. Trade analyst Guy de Jonquieres says any free trade negotiations could take years to come to fruition. Sorry we don't appear to have that story. It's described as the world's first flat pack van which can be assembled in hours an travel more than 900km on one tank of fuel. The Ox is the brainchild of British Formula 1 designer Gordon Murray and it's hoped the vehicle can be used in the remote areas of Africa and Asia. It doesn't look like it could tackle some of the worst roads on earth. On the surface the Ox could be any other truck until you put it through its paces. It's just an ordinary looking van, it's got these tiny little wheel, it it's 2-wheel drive yet I am driving over what could easily be a dry river bed in Africa, really rocky. And frankly it's doing as well as a 4 by 4 would do it. Believe it or not, the man who designed it also made this. The McLaren F1 is a super car for the super rich, Ox drivers have very different needs.What when we studied the requirementes for where this vehicle is going to ends up, there is a requirement for loading livestock and barrels of fuel and water. I knowet's probably difficult to believe but for me this ranks above everything else I've ever done. Designing expensive sports cars reaching a few people. This thing will help - this goes into mass production this will help thousands of people with mobility. Crucially it flat packs like furniture so it's cheap tore transport. Three semi still skilled people can build it in under 12 hours with basic tools. It could make a huge difference for rural farmers, according to one expert in Ken afrmtThis is the man driver of development and the poor farmers have located in the very remote areas where it's difficult for them to kind of transport their commotd to -- commodities to the market and in port into the market.They're now hoping to make a thousand or so without making a profit. The top stories from ABC News - the Federal Trade Minister has called for more foreign investment in farmland after the government's new Reg vealed just under 14% of agricultural land is foreign owned. The Justice Minister Michael Keenan says Australians should be prepared but not scared about the threat of a terror attack after an Islamic State propaganda magazine called for lone wolf attacks in Sydney and Melbourne. And there are more claims of chemical war fare in Syria with activists saying the government has dropped barrel bombs filled with chlorine on civilians in Aleppo. The latest report from the Australia-China Business Council predicts China will continue to be Australia's large est biggest trading partiner. President of the Council, John Brumby, says companies here are well placed to reap the benefits from China's rebalancing economy but they need to be prepared:We have done this in conjunction with Monash University so it's trying to fast forward on the Australia-China relationship over the next 10 years. What it shows is that China's rebalancing, that ising to a more consumer-led economy is, is going to mean potentially huge benefits for Australia in education, in tourism ism, in financial service and then of course in all of the construction jobs that will come from the new hotels, the new tourist accommodation, the new classrooms, lecture theatre, university facilities and so on. So this is an immense opportunity for Australia even on a conservative estimate our report suggests there will be hundreds of thousands of new jobs generated by the rebalancing in China. But it does mean we have to beagile and nimble and take advantage of these new opportunities and if we are good enough then there are as I've said hundreds of thousands new jobs which will flow to Australians. If you look at tourism, a decade ago China barely rated on the dial. The Chinese are now the most internationally travelled people in the world. Just 1% of Chinese come to Australia but by 2025 our report shows between 30 and 35% of all tourists who come to Australia will come from China. If you think about the number of direct flights into Australia from China today, there are something like six different airline, it it's completely different to what it was a decade ago. Those tourist, they're mainly middle class, you have a rapidly growing middle class in China, they want the same things as the middle class anywhere arlds the world. They want to travel and take their families on holiday. They want good standard tourism accommodation, they want quality service, value for money an tourism a tra,s and Australia is -- attractions and Australia is a very attractive proposition. We have very positive feedback from tourists who come to Australia but we are going to need more high quality hotels, more tourist attractions and we will need good, friendly Australian service but also good value for money and efficiency.Now let's catch up with news in sport. Here is Paul Kennedy. Let's start off with the Socceroos. And the team has had a great morning, defeating the U AE1-0 in Abu Dhabi, this comes after-Australia beat the Iraq team to get touf off to a fly iner the qualification, the final rounds of qualification for the next World Cup in Russia in 2018. The goal in Abu dab yay came from a familiar name, Tim Cahill. He had only been on the field for four minutes and it was his second touch of the ball. This is what happened.Smith still has plenty left in the tank. And Cahill is there again! One touch from Timmy Cahill, one small step towards Russia for Australia perhaps. Somehow he pulls out an effort to support Luongo. He hits the cross of the night and the Socceroos fans say finally a delivery of substance.In the end I get the rewards for bleerveing in the system and rewarded bay beautiful cross by Brad but the beautiful work is by the boys. We have created a real togetherness in the team.Tim Cahill, they're calling him the super sub. To the cricket and the Australian team has made a world record 263 -Apologies. The Treasurer Scott Morrison is responding to the GDP figures.... But particularly the growth over the last 12 months is a tribute to every Australian who has gone out there, gone to work, that's got a job, that is running or has started a small business or a business more generally, has invested in a new product, has secured a new market, has taken on another employee or invested in new plant and equipment. This achievement is their achievement. Thatry the engine room of the economy and this is an extraordinary performance they have achieved. It is those who drive our economy are the ones that are taking ground, it's been the responsibility of governments over more than 25 years to See seek to provide the climate environment for them to realise their goals and their objectives and to realise the earnings that they've sought from their efforts. It's an achievement that's been gained by Australians backing themselves in. And that is why the Turnbull government continues to back Australians in. To succeed in our economy with our national economic plan for job and growth that following the election we are now continuing to implement. With real growth through the year of 3.3%, we are leading the advanced economies of the world and on year average terms the economy is better the forecasts set out in the midyear update last year and the more recent Budget. The improvement in nominal growth is also welcome with nominal growth exceeding real growth for the first time in several years. The accounts leased today show our best export performance since the Sydney Olympics. During the 12 months to June 30, with growth of 9.6%, and 1.3% for the quarter. Now this includes 10.4% throw the year growth in goods exports which includes the strong performance on resource exports and a 6.3% growth in services. After taking account of imports, net exports contributed 1.5 percentage points to our through the year result off the growth of 3. %. Slightly exceeded by -- 3.3%, slightly exceeded by household and dwelling investment at 0. 5%. During the last quarter the net export position was softer for seasonal factors and followed a very strong result in the previous quarter. The accounts highlight the continued successful transition of our economy which includes, by definition, as you move out of the mining investment phase of that boom into the next phase, which means that you will see weaker investment levels in what we are currently seeing both obviously in mining investment but also in non-mining investment. When you look at the mining states, you will see the correlation between non-mining investment and mining investment because obviously one has had an influence on the other. When you look at the states which you describe as the less mining states, not non-mining states necessarily but you would have seen an improvement in investment. Now, this is why investment remains the significant challenge and focus of the government and why the government just last week introduced into the Parliament measures to relieve the tax burden, particularly on small and medium-sized businesses and to ensure we are doing the things that are necessary to support businesses who are looking to invest in this country and who are also resident in this country. The growth in new public final demand in the most recent quarter can be substantially attributed to the lising of the help C drugses on the PBS as well on as on the Chinook helicopter produrment. There was an improvement in building up of inventories in this most recent quarter given by the whole trade sector while there was a decline in this area for the mining sector but no-one is reading too much into that at this point. Like investment household consumption was softer during the last quarter contributing just 0. 2 percentage points to growth, however over the year was consistent with the forecast at 3% on year average team terms. On the income side, there was some welcome improvements including a revision to last quart're es results and a slight improvement in the terms of trade. It's been a while since we've seen that. Growth in real net national disposable income per capita moved into positive Territory for the second quarter in a row taking into account the revision which was the result of a change to a very large company in the treatment of a rerevaluation. Compenation employees was up 3.1 Federal Court for the --% for the year while company profits were up 2% for the year. However, in both cases we are still well belong the averages of 5.8 and 6.4% respectively. We still have an earnings problem to deal with in our economy and we need to earn more for what we do.ThisThis is one of the biggest challenges and one I referred to in the Bloomberg speech a week or so ago and I will be going into more detail how the government is seeking to address that issue in the next of those presentations in that series. So our economy is taking ground. There is much to welcome in these accounts today. But they also remind us of the challenges ahead and the need to stick to our plan, the need to stick our plan so our economy can continue to take ground. That means continuing to increase our resilience by arresting the growth and debt that will hold us back by improving the Budget, particularly getting expenditure under control and reip forcing the resilience offure oh our banks and financial some so it can weather whatever storm comes our way and not indulge things that would weak en that system and secondly to provide the systems that would support Australians with what they do and produce and thirdly to keep the door open for trade, for investment and positive migration that makes a contribution which is our national experience rather than taking one. Happy to take questions.How much is that going to impact your Budget forecast?Those things are updated in the midyear, as you know, and that is when those assessments will be made. It is interesting to note that when you look at the commodity price position today it is very consistent with what it was at the time of the Budget. And so if someone for example was releasing an economic statement some 100 days after the election, they would find those figures were pretty consistent. But as we always know, these things have to be assessed against collections on revenues and things of that nature and that will be done in the normal course of events as we lead to the midyear update.You talked about the one-off impacts in public demands but the number is still fairly important in getting the overall result for this quarter. Does that point to a bit of a dilemma for policy that we basically still are relying on government spending to keep things moving?That is where we leave our WA viewers from ABC. You can keep watching this news conference on ABC News 24.I don't think you could draw that analysis by doing anything other than looking at one quarter's results. And that is as you would know that is not the way you would look at these. You would look over the year and the trend and so on. It is true there was some significant elements in this quarter's new public final demand figures and they were for the reasons I said particularly on the help C PBS listing and the helicopter produrment. -- procurement. Several quarters ago these figures were negative so they tend to be lumpy and move around: But, that's said, infrastructure spending remains a core part of our national economic plan for jobs and growth. It is a core part of how we are going to improve the productive capacity of our economy. And I absolutely agree with the sentiment that you want to encourage not just public investment into these things but private investment into these things which boost our capacity on productive assets not passive assets. So the government is using every opportunity it has to seek to see where we can play a more positive role and more innovative role in these ways without overstressing the balance sheet.Are you concerned by the weakness of both wages and household consumption in the quarter?Particularly on household consumption, David, I think that figure that's been well below what we have seen for the last few quarters. It tells us that we have to be very mindful of the sensitivity of the economy in the circumstances that exist globally. But at the same time, despite that, despite that, the resilience that's been demonstrated in our economy is reassuring. So it is important that we continue to invest in the confidence that people have in our economy. If you look particularly at whether it's the ANZ firg figures or the NAB figures that look at sentiment, you are seeing people having a positive view over the last 1 months or so and going forward about their own personal financial position but a slightly less positive view when it comes to economic conditions more generally. I think it's very important to be highlighting it and to be mindful of it and the ratings agencies in particular make reference to these indicators and they link that often to what is happening in the real estate market. And so the last thing you would want to do is take a sledge ham tore the real estate market. If you want to crash consumption, if you want to crash consumer confidence, then take out a sledge hammer and get stuck into the real estate market and that is what our opponents were proposing to do at the last election. Now I don't think that would be a wise course of action bds it's one of the reasons we haven't done down that path. You make also references to the wages out comes and this goes to this issue of incomes. And we need to grow incomes. And we need to grow incomes off the basis of improved growth in the economy and improved productivity. We need Australians to share through their increased productivity, through what they're contributing to getting a better outcome for themselves. We want to see household incomes lift. We want to see company profits lift. Because when those two things lift, then obviously revenues are benefitted. And we obviously saw that during the course of the mining investment boom under various governments. But this is my point about incomes. An income problem is not a revenue problem. An income problem is an earning problem and I want Australians to earn more and businesses to earn more. And that is why I think they should pay less tax. That is why I think we should have reforms in our economy which help them to do better. I don't want to tax them more: I want to relieve the tax burden from those in the economy so they can learn more.Would you like to see wages going up? . No, I don't want to ask for that. What I want to task the economy to do and support the economy to do is to see a real boost in wages by a real boost in productivity and a real boost in the earning performance of companies and our economy, and to see Australians benefit from that. One of the challenges we often have when WETA uk about productivity and people talk about productivity and people think, "Oh, they want me to do more for less. "" No, I want you to get more for doing more.REPORTER: (Inaudible) is it still a viable option to get back to Budget balance just by expenditure savings in the Budget?Well, you would know that the percentage of revenue as a share of the economy is projected to increase over the Forward Estimates, and increase at a greater rate than expenditure as a share of the economy is projected to fall, and so there is a contribution that is coming on the revenue side, but not as a result of increasing the tax rate on Australians, but as a result - well, not deliberately as a policy measure - there is obviously bracket creep and those sorts of things that go into that and the Government has already taken a step on addressing that with a bill I introduced to the Parliament last week which at least provides an initial downpayment on our intention to soo he that income tax burden, and in this case those moving on the average full-time ordinary wage who this year would actually be going into the second highest tax bracket. But on the revenue side, I would rather see the revenues increase as a result of our economy earning move, so we welcome that slight uptick in the terms of trade, but I'm not about to make any brave forecasts on that, we will see where that goes. One of the things I can do something about, I can do something about controlling the expenditure of the Commonwealth and that's what this Parliament can do something about, and what the ratings agencies have said is, "We understand the trajectory you've placed the Budget on." "And I met with S r S&P 500 last week, we understand that. What they're not convinced about is that this Parliament is actually going to support expenditure restraint and that is a test for this Parliament, and we have a number of bills before the Parliament where they will be able to encourage the ratings agencies by showing their commitment to arresting the debt and ensuring that future generations of Australians will not have to pay higher taxes for lesser services because in this Parliament we dealt with the debt.REPORTER: What can the Government do to boost incomes? It's competition policy, the Harper reforms we have been working through, tax policies to boost investment, start-ups, the NISA agenda which was outlined last year, it is all of these agendas which you're all very familiar with. It is no-one thing, it is a product of economic policy which is designed to try and get regulation off the back of business, to have more competitive tax regime to enable them to get ahead. It is the instant asset write-off. It is extending the pooled depreciation provisions to companies between 2 and 10 million and not treating them like they are some multinational which they are not. They are a business with between 2 and 10 million, they reinvevlt in their business every extra cent they earn, on balance, and so by enabling them to keep more of what they earn in their business rather than taxing it, that would enable them to employ more people, efn able them to have the courage to go out there and grow their business and reinvest in their business, which we'll see, which is the intent of their investment, see them lift their earnings.REPORTER: Inaudible) farm register. Register....Happy to take questions on farm register, but let's deal with the national accounts first and then we'll get that.REPORTER: Increasing incomes is hard work. We can't expect something from government action to achieve the result quickly?Well, Government is part of the response, of course it is, and providing the right set of policy settings, tax settings, competition environments, all of these things, regulation reduction, working with the states to achieve those outcomes as well, all that have is incredibly important and assists the businesses and householders get on and do the things they want to do because they want to increase their earnings as well, and so that is where we come into the picture, and that is what our plans for jobs and growth has always been about, in all of these areas which we've been outlining for some time and now we're just getting on with it.REPORTER: Treasurer, on foreign ownership, why isn't there a register.. Do theHave we finished with national accounts?I haven't.I didn't know if you had started, Paul.REPORTER: Why srnt there a Reg spher for Australians to find out which foreign companies are investing in Australia and which bits of land they've got?The foreign ownership register I've released today is absolutely consistent with the commitment we made in relation to this register and what it tells us is that more than 85% of use's agricultural land is owned by Australians, ands that is the biggest invest yoer in agricultural land together is the Brits and the Americans. And that other countries like China account for - in term of our total agricultural land, less than half of 1% of those land holdings, and interestingly it also notes that of the agricultural land holdings that are foreign-owned, more than 80% of that are on leasehold rather than freehold. I know Australians have concerns, so this information which is what we promised to deliver, I think helps inform this debate, because foreign investment has always been a key component of our national economic protion pert story, for hundreds of years, and when we say we can't pull the doona over huh head, this is one of the issues we are talking about. We need to ensure we keep...Breaking into that, he was just talking about the foreign investment registry. The Acting PM Barnaby Joyce is speaking about that in rm Armidale.And to see the work that they are dog, making sure they keep their community together, keeping people active, especially after they're retired, giving people the great capacity to keep their social activity going because we know that's how to keep the mind going and keeping the hands going in woodwork and most importantly just creating that sense of a community engagement, so people are not lonely, and so that people have a positive outlet of getting out and saying hello to others. It's also important today to note that that snaf Sam Dastyari went out and gave a press conference yesterday - that's one word for it. Train wreck - that's another word for it - and we still just don't have any answers. The question he had to answer was this: Please explain the correlation between you receiving the money and changing the position that has been held not only by the Government, the Coalition, but also by the Labor Party on a key defence section of our nation. Please explain how that came about. When you received $1470,000, why did you go to that person? Why would someone write you a cheque for $1670 just because you asked for it? Why not ask me? Why not ask Bill Shorten? Why did you go back to that entity and why did they give you that money unquestioning? Why did they give you $40,000 for legal fees before that? Because they like you? Because that's the way it works? Sam Dastyari is not just a junior minister. He is Leader of Opposition business in the Senate. Mr Shorten appointed him to the frontbench, he made him Leader of Opposition business in the Senate. He would be a frontbencher in a Shorten Government. But because Mr Sam Dastyari - Senator Sam Dastyari, Leader of Opposition business won't answer the questions that have been asked of him by the fourth estate, by the Australian people, thaen there is one person he has told, Mr Sam Dastyari has given this full and Frank disclosure of all of this and that was to Mr Bill Shorten, so now it's incumbent on Bill Shorten to be a leader and come out and do one of either two things: Explain Senator Sam Dastyari's position to all of us, or stand him aside. Mr Shorten has to clearly show now that he is a leader. He wants to be the PM of Australia. He has either got to show that he is a leader or show that he has led. Now, at this point we would suggest that Senator Sam Dastyari and the affiliations he has and the numbers he carries means that he is a bit of a protected specie. We can say this with some authority because when similar things happened to us with Stuart Roberts, he was stood aside, he had to step down and that was over a watch. When other similar issues have happened with Mal Brough, he was stood aside. When it happened with Arthur Sinodinos, even though later on he was cleared, for the interim he was stood aside. So, Mr Shorten must show he has got ticker. He must prove it to the Australian people, otherwise he is going to be put very quickly in the same boat as Sam, that is people with other questions that they feel are just not answered by the events of the previous day. On other issues, we've had the Foreign Investment Review Board, we've had the register of land that has come out and I think this is incredibly important. It is something we fought for and now we are seeing it delivered. What it clearly shows is that the amount of foreign-owned land and partialally owned land is growing in Australia, that's to be expected. What is shows is an area of land more than two times the size of Victoria is now foreign-owned. What it shows is that this is an issue that is in demand, people are wanting to secure their food supplies, they are wanting to secure that primary asset of the globe which is freehold title to land and Australia is a great venue for that. What it also clearly shows is if the recent sale for Kidman had gone through, China would have become the second biggest holder of land in Australia, but that hasn't gone through. What it also clearly shows is that you don't have any worries about people wanting to invest in Australian agricultural land - they are lined up - and the reason for that is the dynamics of the world are changing. People are moving to the middle class. The desire and requirement for protein especially is increasing. People are showing their new wealth globally by what they wear and by what they eat, and Australia is in a key position to be the beneficiary of that. Australia has every - is an incredible country. We are a sovereign country. We have, and we give people the opportunity of that incredible privilege to own land in our country. We have the capacity, if we so choose, to say, "Yes, you can own land in our country," and we also absolutely have the right, when we choose to say, "No, you can't. "" It is not a case that every time you say no you are a bigot, a red-neck, a xenophobic because you dare say no, that is our right. It shows that we will continue to have strong controls so that Australian people have a sense of confidence, that we are in control of the show, vastly more than the previous Labor-Green-Independent Alliance were. We've changed the foreign investment guidelines, delivered and brought back to the Australian people a sense of confidence as to who owns what and where.REPORTER: Is it true that Australia is the fastest growing buyer of Australian agricultural landIn China is an owner of Australian land, the Americans are an owner of Australian land, the British, the Dutch, the Filipino,s the Indonesians. It is an incredible privilege to own land in our nation that has been bought and paid for by Australian soldiers, Australian servicemen and women. It is part of the heritage of our Indigenous forebears. This is an incredible right to have ownership of land in our nation and we'll make sure that we keep strong controls on it because that's the duty that has been handed to us, and it's our responsibility to see it fulfilled. REPORTER: The Treasurer and Trade Minister say these figures prove the idea that China is taking over is a myth. What do you say?I don't think anybody said China was taking over but it's very explanatory and it states the obvious. There is more than two times the size of Victoria is now fully foreign owned or partialally foreign owned. I'm not saying there is anything wrong with that, but this is a substantial amount of land and we have a substantial spofnt.REPORTER: Is that not a concern, particularly where many of your constituents, National Party-wise, are fearing the loss of Australia, the sellout of Australia to foreign interestWhat I'm showing is that we have the capacity to say yes and the capacity to say no. We are not an all-things-go type of Government. We have the proper discernment, the proper oversight, we've seen that with the Kidman sale, the ADM, we have a diligence and people can understand that diligence because we can see in our actions how generally the answer is, "Yes, providing you've got the right reasons, but we reserve and at times say the word no." And I think that has been the word in the past, people believed, "They never say no in Australia." REPORTER: 36% ownership", why is that?I think it's important that people clearly understand what the number is. You hear 13.6% and people can't visualise what that means. When you say it's more than twice the size of Victoria, people can understand. It is a serious amount and it is a very serious job that the Foreign Investment Review Board does.REPORTER: 52 hectares of land foreign-owned. How much is too much? That's a question for the Foreign Investment Review Board, once it starts imposing on our national interest and it's too much. REPORTER: Do you think the register should specify where foreign governments and foreign interests own farms? Do you know if foreign governments own Australian farmland at the moment?Well, I could drive up the road here and nominate. We can drive up between Tamworth and Armidale. The locals know. It is great that our Government has brought this database in and the integrity of the database will be built up as people also start submitting further information that they know of places that are foreign-owned and just even submit that to the taxation office and they can check it off anecdotally and make sure that the database stands up to an integrity check, and I'm sure it will. OfREPORTER: A concern within the rural sector is why sell at all, why not have long-term leases?One of the froo hedoms is to have foreign-owned land, it underpins our democracy, we are not scared of foreign investment, we are built on foreign investment. It is a balancing act. Nothing is a binary argument where one thing is absolutely beyond questioning and never to be even the mention of reproach. We have to do things in all things in moderation and in all things with proper oversight. REPORTER: The Treasurer says foreign investment creates jobs, but does it put Aussie farmers out of work?No, as long as it does create jobs, that's a statement of fact. We want to make sure that investment builds on an asset, grows asset building the people, takes our nation to a higher place and in part for people having the great privilege of buying the land. When people buy property and walk away from it, that of course is not in our interest, that just leaves the property vacant and I've heard of that anecdotally. We have to make sure that people are coming here to invest, not to land bank.REPORTER: (Inaudible question snment The Labor Party (told us nothing at all. This is the Labor Party's Foreign Investment Review Board policy. They disagree with ours when we moved it from $252 million down to 15. They wanted initially, Senator Wong and Mr Fitzgibbon wanted to move it to a billion, a thousand million, before it even went to the Foreign Investment Review Board. They thought that was a great policy, they put out a media release say what a great policy it was. They then road tested it and got fixed. It went from 1 thub,000 to 50, 15, a great reduction. They are all over the shop on this. They are trying to ride both sides of the fence. We are showing a clear policy. From 252 to 15, agribusiness, a registry provided. The Labor Party comments on the action of Government because they never did it themselves and they are not capable of actually delivering a better outcome. REPORTER: The register is all about land mass, rather than land value. How does that allay concerns about food security?Well, I think that obviously the ATO has the information at their disposal, but we must make sure we maintain privacy. We are miles ahead of where we are. All people have a clear understanding in any distrint of who owns what and we will make sure - it is the job of the Foreign Investment Review Board that we work towards our nation's better interests and so they have this information that is incumbent upon them and I'm sure they will do the job of making sure our national interests is preserved. REPORTER: We know there is foreign interest in owning land, do you know if there are foreign governments investing in Australia?Yes, that REPORTER: Can you explain the donation is different from Sam Dastyari'sYes, a donation reefed from Amcor Cole or a donation from the Labor Party or a big retailer sending to the Labor Party or the other side which they do, or a union sends tens of millions of dollars to the Labor Party which they do goes via a third party, a political party. That third party has its accounts audited. That third party is at arm's length to the individual. But if you just hand a cheque straight to an individual, what is the requirements of that individual? Is the purpose of that individual? Did you know it? Why would you hand a cheque straight to the individual? It's like saying, "Well, instead of paying the football club where it's audited, I will give money direct to a player from an outside entity." "Hang on, that's not how it works. It has to go through an auditable form, an auditable path. And why this money ended up in an audit because it went to the Department of Finance, so of course it had to be declared. But the further request he to be asked is why did someone just out of the blue ask for that money and why did that person out of the blue decide to pay it? It just doesn't stack up, it doesn't stack up at all, and Mr Shorten, because Mr Dastyari had a he
go at it for about half an hour and he couldn't explain it, he didn't want to explain it. Now he says he has told it all to Mr Shorten, Mr Shorten has all the answers. So Mr Shorten, come out and give it to us. REPORTER: What bang does Gina Rinehart get for her buck.Sorry. What does Gina Rinehart get for her donations?Well, nothing, because it goes to a political party. I've never received a donation from an individual. As everybody understand, if people are working, if people are working - if you're working for a company, you're working for a media company, if someone pays your media company money, that's understandable, but if they just out of the blue pay it is straight to you, there is something wrong about that. It doesn't stack up.REPORTER: Can you summarise for us about these figures, you are a rural Australian. How do these figures leave you feeling, positive, concerned?Well, I just want to make sure there is proper oversight kept. I'm very aware of the incredible privilege it is to own property in this nation. I'm very aware of the sacrifices that are made to keep our nation as it is, and therefore we have to be absolutely responsible with the most precious asset of this nation which is the land we stand on and I'm confident of that.REPORTER: Has the review told you all you need to know? ? Is there more you would like to know about as to who owns what and where?I would like to emphasise we are well ahead of what we were. We have vastly ahead. Before it was not, no better than a guess, but now it's good. It builds on the capacity of myself and others to have confidence on behalf of Government REPORTER: Has it rung any alarm billions for you? Have are you looking to make any particular changes?Well, alarm bells were rung in the past and we have made the changes. Moving it from 252 million down to 15, from agribusiness to 55 to make them totals that were not cumulative so the person the next day brought another dollar worth of land, they had to go back to the Foreign Investment Review Board. Bringing in a register - these decisions were brought about by a Coalition Government because we heard the Australian people, they wanted stronger controls and we brought them about.REPORTER: While you're playing up the significance of the 13.6%, Scott Morrison is actually playing that down, what is the difference?It's not different. It's both the same figure, neither Scott nor I are talking about a different figure.You are talking it up and he is talking it down.We are both talking about the same figure, 13. #. What I'm trying to do is give a description of what it looks like because I think that's fair. REPORTER: Medicine brands are expected to drop in price next month.Yes, that's right.What can patients expect to saveHundreds of brands of medicines will now be reed and that allows people, whether for a whole range of treatments, I think there is from asthma to cancer, treatments that give people greater access - one of the reasons that - it is incumbent upon us as a decent government, as a decent society to get our Budget under control. For the Labor Party ands Greens and the Independents to work for a Budget under control, because the best form of health security is a balanced Budget. The best form of free education into the future is a balanced Budget. The best form of access to hospitals in the future is a balanced Budget and the fact that these drugs are getting out to people who are sick now is because we are doing our very best to get a balanced Budget, so he if the Labor Party wants to show their authenticity in proper health, proper education, proper pensions, then work with us in blensing the Budget, otherwise you are part of the problem. You are not going to have, whether it's 10, 15, 20 years into the future an ABC if you don't balance the Budget. You won't have triplej 10, 15, 20 year noose the future if you don't balance the Budget. You won't have access to public hospitals like you do now if you don't balance the bu jet. You won't be able to defend the nation like you do now if you don't balance the Budget, so work with us in balancing the Budget.REPORTER: How concerned are you not just of the future of the Budget, but the future of foreign investment might be threatened by the current make-up of the Senate?Well, that's a question for the senators. Let the senators talk for themselves. We want to work with the Senate, but I can't speak for them in Armidale at a press conference. It's hard enough knowing the mind of the people I'm driving around with, let alone the minds of the people hundreds of miles away. I think that will do us.You have been listening to the Acting PM Barnaby Joyce speaking in Armidale. Asked a number of issues there, but primarily was talking about the release of this register revealing foreign ownership of farmland. He has called it proper overnight and greater transparency. Malcolm Turnbull has held talks with Japan's PM in the lead-up to tonight's East Asia summit in Laos. China's rising influence in the region and how to manage it are key to all diplomatic kvrtions being held among leaders as political editor Chris Uhlmann explains.The to he focus of this group of Asian summits is security and the key spoken and unspoken regional concern is China's island-building in the South China Sea.This is the premier forum for discussing and resolving issues of national security, economic security in our region.Malcolm Turnbull will meet Japan's Shinzo Abe later today and that country is responding to the threat by changing its Constitution to allow for greater military engagement abroad.The relationship is a very warm one, a very close one, we regard each other as friends at a personal level. It is a very strong relationship.If you talk to officials, the word that comes up a lot is "a new Cold War" but some of them suggest that with all the trouble in Europe, the war in the Middle East, Donald Trump rising in the US, and Russia being more aggressive abroad as well as what's going on in China, the world is much more unsettled than it was in 1966. The Federal Government has conceded the Islamic State Group has been successful in involving Australians in spreading their message. An Islamic State website called for lone wolf attacks at locations in Sydney and Melbourne. The Justice Minister Michael Keenan says the threats should be taken seriously, and some Australians may be helping spread the IS message. He says as the group suffers more defeats in the Middle East, they are likely to look elsewhere for targets.In many ways that does magnify the there et that they will