Foreign investors would be forced to jump new hurdles under a coalition plan to be revealed by Opposition leader Tony Abbott.
The proposal will be unveiled on Friday as the coalition seeks to mitigate a disagreement with the Nationals on offshore ownership, both Fairfax and News Limited papers report.
Within a context that welcomes foreign investment, the discussion paper will nonetheless outline new hurdles for state-owned entities, the papers report.
This includes being forced to reveal any state influence in their operations and a requirement that overseas buyers to seek Canberra’s approval for any purchase over $15 million, down from the current $244 million threshold.
The coalition has decided to release the report as a discussion paper rather than a policy document and is welcoming community submissions up to October 31.
This will set the scene for further debate on the issue.