The Australian Government has announced that from 1 July 2015
all foreign investors who hold an interest in Australian
agricultural land are required to advise the Australian Tax Office
These new requirements have been included in an updated version
of Australia's Foreign Investment Policy and are expected to
become a legislative requirement by December 2015.
The policy changes require foreign investors to notify the
by 31 December 2015 if they have an existing interest in
Australian agricultural land
within 30 days if they acquire a new interest in Australian
if they cease owning Australian agricultural land.
The ATO has made an online notification system available.
Foreign investors are required to provide information on the
location and size of property, land use, market value and their
percentage interest held. Foreign investors can make a notification
personally or through an agent such as a lawyer.
The online notifications will be used to develop the
Agricultural Land Register (the Register). The
Register is intended to be made publicly available from 2016.
In its announcement, the Government stated that The Register is
intended to strengthen reporting requirements and provide a clear
and accessible picture of foreign ownership of agricultural
If you require any assistance in determining whether you are
required to disclose an interest in Australian agricultural land to
the ATO or if you believe you are required to report an interest,
please contact Brian Healey on 07 3135 0682 or firstname.lastname@example.org.
This publication does not deal with every important topic or
change in law and is not intended to be relied upon as a substitute
for legal or other advice that may be relevant to the reader's
specific circumstances. If you have found this publication of
interest and would like to know more or wish to obtain legal advice
relevant to your circumstances please contact one of the named
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This decision has implications for Government authorities and corporations, and for private sector project proponents.
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