IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Mar 2015 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

 On 12 February 2015, the Australian government announced that it had significantly reduced the screening threshold for foreign owners of agricultural land from 252 million AUD to 15 million AUD.
The press release also cites PM Abbott: "The Government will continue to welcome foreign investment, but the community must have confidence that this investment is coming in on our terms and for our nation's benefit".
The screening changes came into force on 1 March 2015. Soon afterwards, the Australian government introduced a mandatory registry for all foreign owners of agricultural land (cf. Related Measures).
This measure does not apply to citizens of Chile, New Zealand and the United States.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.