Register of Foreign Ownership of Agricultural Land

Written on the 7 September 2016

Today the Treasurer, the Hon Scott Morrison MP, released the Register of Foreign Ownership of Agricultural Land report. This is the first report to have been delivered under the Agricultural Land Register Act 2015.

Background
On 11 February 2015, the Government announced reforms aimed at increasing transparency around foreign investment in Australia. These reforms included:
Establishment of a foreign ownership register of agricultural land; and 

Changes to Australia's foreign investment screening regime as it applies to acquisitions of agricultural land.

The Register of Foreign Ownership of Agricultural Land (Agricultural Land Register) was established on 1 July 2015 and is administered by the Australian Taxation Office (ATO).

The Register as at 30 June 2016 is available on the Foreign Investment Review Board website available here.

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Source: Barton Deakin