ANNOUNCEMENT 12 Feb 2015

In February 2015, the government of Australia announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Australian government press release
http://www.austrade.gov.au/International/Invest/Investor-Updates/2015/new-rules-on-agricultural-land-purchases


Inception date: 01 Mar 2015 | Removal date: open ended

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 SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A