The Great Wall of Money. Monday 1. 2th October 2. Whether it's waterfront trophy homes or apartments off the plan, or even massive commercial developments, Chinese investment in our real estate has surged by more than 4. A$1. 2 billion spent in the previous financial year alone. Property is now the number one Chinese investment in Australia. So who are these investors and what do they see in Australia?

On Four Corners you'll meet members of China's super rich, the new generation of global property investors who call Australia home: "I think this is the best period of time in Australia's history. The vast capital from China, including entrepreneurs like us, have been looking for investment opportunities worldwide."Chinese multi- millionaire property investor. And they're clear about what they want: "The priority is view .. You know, it's something money cannot buy in China."Real estate agent. There are also Chinese middle class buyers looking for a holiday home, a place to retire to, or just a good investment: "Compared to Shanghai property, Sydney property is not that expensive."Chinese investor.

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And developers: from a billion dollar megaresort on the Gold Coast; to Melbourne's tallest residential tower; marquee sites in Sydney and whole city blocks in Perth - they're shaping our city skylines."I came over 1. After my graduation I fall in love with the country, loved the lifestyle, decided to stay, make something good out of it."Chinese property developer.

Some are the progeny of China's political elite, known as 'princelings', whose links here begin with an Australian school or university: "You'll find at the top universities across this country, a whole influx of young people of Chinese background who have been sent here by parents. Safe investment, they don't live in fear of the State taking their assets from them."Former Australian Federal Minister and China business specialist. But there are hidden dangers in doing business with China: endemic corruption; a lack of transparency in both business and the legal system, and questions about where the money is coming from and whether ill- gotten gains are being laundered."China (is) by far the biggest exporter of illicit capital."International money laundering expert. With billions of dollars flowing out of China, international money laundering experts are warning that some of it is making its way into Australia: "Real estate is recognised internationally as one of the means by which people will launder money." Former money laundering investigator. THE GREAT WALL OF MONEY, reported by Linton Besser and presented by Kerry O'Brien, goes to air on Monday 1.

October at 8. 3. 0pm. It is replayed on Tuesday 1. October at 1. 0. 0. Wednesday 1. 4th at midnight. It can also be seen on ABC News 2. Watch Broken English Online Ibtimes there.

Saturday at 8. 0. ABC iview and at abc. Transcript. 12 October 2. The Great Wall of Money.

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If you watch the doco you will also see Cotsco love an ASP of around $20. You notice it a lot more with general merchandise rather than the food.

KERRY O'BRIEN, PRESENTER: Tonight on Four Corners: China's massive shopping list for Australian real estate. Who's buying it and where does their money come from? LULU PALLIER, SOTHEBY'S INTERNATIONAL REALTY: They come to this country, they want to buy something special.. So waterfront with a view, with a nice house on it: it's something money cannot buy in China. Yeah. MATTHEW KHOO, FINANCE DIRECTOR, ICD PROPERTY: A- at the time it was actually the, the fastest, ah, tower to sell.

We sold 1. 00 per cent of the, the tower within eight months. LULU PALLIER: This is sold two years ago to a Chinese businessman, Mr Wong, for $5.

RAYMOND BAKER, GLOBAL FINANCIAL INTEGRITY: A lot of governments don't want to ask the questions. They simply want the money flowing in. Well, I'm sorry. You do that and you expose yourself to a great many risks, not only in your own country but you're also damaging the countries out of which that money is coming. KERRY O'BRIEN: Whether it's waterfront trophy homes, apartments off the plan or massive commercial developments, Chinese investment in Australian real estate has surged by more than 4. Property has now eclipsed mining as the number one Chinese investment in Australia. It's part of an extraordinary flight of capital out of China, estimated in the trillions of dollars, which may be the biggest exodus of money from a single country in financial history.

While Chinese investment has been a boon for Australia - and much of it is legitimate - according to money laundering agencies there are also billions of dollars in ill- gotten gains being illicitly siphoned offshore and Australian authorities are doing precious little to investigate the source or the destination of these funds. Our investigation has revealed that one source of investment is a Chinese firm involved in international arms dealing and another is the riches amassed by relatives of China's political elite, known as 'the Princelings.' You're about to meet some of them in this report by Linton Besser. LINTON BESSER, REPORTER: Lulu Pallier is in Shanghai on business. It's China's financial capital, where bicycles have given way to Bentleys and revolutionary slogans have been replaced by designer labels.

But what Lulu is selling is not here in China: it's on the other side of the world. LULU PALLIER, SOTHEBY'S INTERNATIONAL REALTY: I'm meeting potential clients who are willing to in- have investment in Australia.(Footage of Lulu holding meeting of potential investors around large round table)LINTON BESSER: Lulu Pallier is spruiking Sydney real estate. LULU PALLIER (translation): Feel free to ask me any questions about purchasing property in Australia.

LINTON BESSER: For Chinese buyers like Huang Cheng, an Australian property is the perfect investment. HUANG CHENG, POTENTIAL INVESTOR (translation): Compared to Shanghai property, Sydney property is not that expensive. JENNY HU, POTENTIAL INVESTOR (translation): I have not bought yet and am still looking. I want to have a house for my holiday in future. I like Australia as it has good weather and quality food. LINTON BESSER: Iris Huang is here to sign the contract on a Sydney apartment she has only ever seen on the internet.

IRIS HUANG, INVESTOR: I haven't seen it. But I've been living Australia, so I'm kind of like familiar with that area, so I don't need to see. I think most.. Most of the investment: if they trust somebody like Lulu, the real estate agent, I don't think they need to see.

It's just sign and email it. It's very convenient. Yeah.(Footage of Liu Qi leading Jenny Hu to a table at one of his restaurants)LINTON BESSER: Across town, Lulu visits another client.

Liu Qi owns a chain of restaurants: a thriving business that celebrates the founder of China's communist state. He bought his Sydney apartment in June with an eye to the future. LIU QI (translation): My daughter got her bachelor's degree in the US and she is studying her master's degree in Sydney. I asked her to study in Sydney as the time difference is two hours and the weather is good. I think after I retire, I can live there. LINTON BESSER: Liu Qi's investment is part of a huge wave of Chinese money pouring into the Australian real estate market.

In just five years, it's surged more than 4. Back in Sydney, Lulu Pallier is not just selling humble apartments.

For the growing ranks of China's super rich, the aim is a trophy home.(Lulu Pallier is showing potential clients a large house overlooking Sydney Harbour)And there is nowhere more desirable than the waterfront suburbs around Sydney's world- famous harbour. POTENTIAL CLIENT: Fish tank. Oh. LULU PALLIER: They want to buy something special. They come to this country, they want to buy something special. They want: the first priority is view. So waterfront with a view, with a nice house on it and, ah, preferably with a boat marina. Plush Movie Watch Online.

You know, it's something money cannot buy in China. Yeah. LINTON BESSER: For overseas investors, there are strict rules about buying Australian real estate like this $2. It's become a hot- button issue amid a public crackdown on illegal sales launched by the former treasurer, Joe Hockey.

Here's Village Roadshow's Plan For Suing Pirates. This week, Village Roadshow co- CEO Graham Burke announced the company will start suing Australians who infringe on its copyright. This means anyone who has streamed or downloaded a movie via an illegal pirate site is potentially in its cross hairs. But when will litigation begin?

Who will be targeted? And how much money will you need to pay?

We spoke directly to Burke to get some answers. It's safe to say that the salad days of "free" online content are over. After years of taking piracy lying down, rights holders have declared war on Australian copyright infringers - and they appear to be getting results. In December last year, Foxtel and Village Roadshow successfully lobbied the government to instruct ISPs to block five popular torrent sites from its customers.

Since then, over 6. According to Burke, these sites account for approximately 9. However, as we have explained in the past, these anti- piracy measures are laughably easy to circumvent, with most ISPs implementing a simple DNS block.

Consequently, Village Roadshow is moving to sue copyright infringers on an individual basis. Expect to be sued in 2. Graham Burke - who is an old hand at battling copyright infringement - plans to start pursuing pirates for damages this year. The first infringement notices could be sent out as early as November. People who infringe [copyrighted movies] are people who steal - it's theft and it's not a victimless crime," Burke said to Lifehacker. There needs to be a price to pay. What we plan to do [is] sue people that are stealing our movies.

So if someone steals Red Dog and Mad Max Fury Road, we will sue them for the two viewings of those movies, plus some damages."Burke confirmed to Lifehacker that the penalty being sought will be in the region of $1. This amount will include "damages" incurred by Village Roadshow. We're talking the equivalent of a parking fine, but it establishes that [piracy] is theft and is the wrong thing to do."Burke said the current plan is to mail infringement notices to suspected pirates to inform them of the movie titles they are suspected of stealing. The recipient would then have the opportunity to pay up or plead extenuating circumstances.

After assessing the response, Village Roadshow will then decide whether to take action. Burke wanted to assure our readers that Village Roadshow would withdraw legal action in circumstances where the alleged infringer is suffering from financial hardship or ill health.

This appears to be a spot of preemptive damage control against the inevitable blacklash that occurs when corporations step on society's downtrodden.)"For people who are in dire circumstances, we will withdraw the action if [they] undertake not to steal in the future," Burke said. I think most people are pretty honest - you only have to look at the old- fashioned newspaper box where you took the newspaper and put the money in the slot. So we'll be relying on people's inherent honesty."The case for the courts Before any litigation can take place, Village Roadshow will need to compel Australian ISPs to hand over the real names and addresses of suspected infringers. Burke said that Village Roadshow would not be engaging in “speculative invoicing”.

This was the sticking point that derailed the Dallas Buyers Club court case in 2. By putting a fixed price on damages, Village Roadshow expects to receive minimal opposition from the presiding judge. The information we have at this stage is that we will be able to get the information we need through the courts, and ISPs will be compelled to play ball."This is significant. By avoiding the mistakes of Dallas Buyers Club LLC (DBC), Village Roadshow is far less likely to have its case thrown out of court.

If given the green light to pursue pirates, Burke said it was "probable" that other rights holders will follow Village Roadshow's lead. You can bet your bottom dollar that Foxtel will be coming after Game Of Thrones pirates, for example.)Of course, there is still the issue of VPN use, which essentially masks your IP address from outside snoopers. How does Village Roadshow intend to sue pirates when the most prolific offenders are untraceable? Burke admitted this was going to be a problem."It appears right now that there is no solution to people who use VPNs," Burke admitted. But I think technology will develop and there will be ways to detect these users eventually.

It's worth noting that people who use VPNs do have to pay for them and 4. Australian pirates have just been put on notice.

The chairman for Creative Content Australia - a consortium of rights holders that counts Foxtel, Village Roadshow and the Australian Screen Association (ASA) among its members - has issued a stern warning to anyone who continues to access pirated content. In short, you can expect to be sued this year.