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The use of subscription facilities by funds has seen its criticism, but the practice is not without its positives write Debevoise & Plimptons' Thomas Smith and Almas Daud.
FIRB member Patrick Secker said Chinese investors account for a small part of Australian agri’s foreign investor universe.
The British Private Equity and Venture Capital Association, which consulted its members on the changes, welcomed the reforms.
The regulations have been viewed as complex and burdensome by opponents across industries.
Investors on the hunt for US deals are coming under increasing pressure from regulators to reveal ownership and corporate governance.
Private companies from China and other countries have shown significant interest in acquiring Australia's biggest agricultural land holdings.
The USDA says barriers to trade cost $5.5 billion in US exports and 0.3% of the European Union's GDP.
The group of more than two dozen stakeholders will deliver recommendations for exemptions and streamlining measures by 20 November.
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