The Australian Governmenthas 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 (ATO).
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 (ATO).The policy changes require foreign investors to notify the ATO:- 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 agricultural land - 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 land. 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 [email protected].Author: Lisa WardContact detailsBrisbane Brian Healey, Partner & National Head of Agribusiness & Rural IndustriesT: +61 7 3135 0682E: [email protected]MelbourneHoward Rapke, Managing Partner, MelbourneT: +61 3 9321 9752E: [email protected]SydneyGeoff Farnsworth, PartnerT: +61 2 8083 0416E: [email protected]DisclaimerThe information in this article is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this article is accurate at the date it is received or that it will continue to be accurate in the future. We are not responsible for the information of any source to which a link is provided or reference is made and exclude all liability in connection with use of these sources. 【We provide excellent expert advice to businesses wishing to invest in Australia.】Our previous news releases for Chinese investors include the following topics: - Business set up in Australia, business structures, company administration, etc. - Background information of Australia, including Australian government, legal system, and business structures, etc. - Laws and regulations in various common areas, including protection of technology and intellectual property, anti-trust and consumer law, contract law, business migration, real property, public takeovers, and electronic commerce etc. - Professional industrial updates and insights, such as regulation on foreign investment.
【政策】ASIC发布新法信息指南,将公平合同条款保护扩展至小企业合同 
The Crowdfunding Bill: changing equity financing for start-ups 
