Australia

Australia

Australia revises rules related to foreign ownership of farmland

01 Jul 2015

On 29 June 2015, Australia revised the oversight over foreign investors by requiring them to declare holdings of agricultural land. Foreign farmland owners should declare their interests with the country's tax office as of 1 July 2015. The tax office will gather all information including location and size of property, size of interest acquired and country of origin of the foreign investor. The information will be entered into a national register.

Nature of measure:
  • Entry restriction
Type:
  • Entry and establishment (Access to land)
Industry:
  • Primary (Agriculture, forestry and fishing)
Inward FDI:
No
Outward FDI:
No
Sources: