Investor |
Action |
Threshold - more than: |
All investors
|
Acquiring residential land 11
|
$0
|
|
Acquiring vacant commercial land 12
|
$0
|
|
Acquiring national security land 13 |
$0 |
|
Acquiring an interest in Australian land
corporations or trusts 14 if
the residential land, vacant commercial land and mining or production tenemants 15 is 10% or
more of the entity's total assets
|
$0
|
Privately owned Investors from FTA partner
countries that have the higher threshold3
|
Acquiring agricultural land 16 (including an interest in
an agricultural land corporation or trust 17 holding the same)
|
For Chile, New Zealand and United States: $1,339 million
For others $15 million (cumulative). This threshold
is not indexed annually
|
|
Acquiring
developed commercial land 12 (including an interest in an Australian
land corporations or trusts 14 holding the same)
|
$1,339 million
|
|
Acquiring interests of 10 per cent or more in Australian land corporations or trusts 14
|
$1,339 million |
|
Acquiring mining and production tenements 18 (including an interest in Australian land corporations or trusts (holding the same) 14
|
For Chile, New Zealand and United States: $1,339 million
For others: $0
|
|
Acquiring low threshold land (sensitive land) 19 |
For Hong Kong (China) and Peru: $67 million
For others: $1,339 million
|
Other
privately owned investors |
Acquiring
agricultural land 16 (including an interest in an agricultural
land corporation or trust 17 holding the same) |
For Thailand,
where land is used wholly and exclusively for a primary
production business: $50 million (otherwise the land is
not agricultural land). This threshold is not indexed
annually.
|
|
|
For others:
$15 million (cumulative). This threshold is not indexed
annually.
|
|
Acquiring developed
commercial land 12 (including
an interest in an Australian land corporations or
trusts 14 holding
the same)
|
For India, the threshold is $500 million for non-sensitive land for the supply of services.
For others: $310 million
|
|
Acquiring low
threshold land (sensitive land) 19 |
$67 million |
|
Acquiring interests of 10 per cent or more in Australian land corporations or trusts 14
|
$310 million
|
|
Acquiring mining
and production tenements 18 (including
an interest in an Australian land corporations or
trusts 14 holding
the same)
|
$0
|
Foreign government investors
|
Acquiring any interest in land
|
$0
|
|
Acquiring an exploration tenement 20 or a mining or
production tenement 18
|
$0
|
|
Acquiring interests of 10 per cent or more in a
mining, production or exploration entity 21
|
$0
|
|
Acquiring interests in Australian land corporation or trusts |
$0 |
11 Residential land is any Australian
land which has at least one dwelling on the land, and the number
of dwellings that could reasonably be built on the land is less
than 10. It does not include land used wholly and exclusively for
a primary production business or commercial residential premises
(see note 12 below).Back to article
12 Commercial land is any Australian
land other than land used wholly and exclusively for a primary
production business or residential land. It includes "commercial
residential premises", ie. hotels, motels, boarding houses,
school accommodation, certain kinds of marinas, caravan parks,
camping grounds, etc. Student housing and residential care (eg.
aged care) are covered under Commercial Land.Back to article
13 National security land" is land owned or occupied by defence, or land in which a national intelligence agency has an interest that is publicly known, or could be known upon the making of reasonable enquiries.Back to article
14 Australian land corporations and
trusts are those whose Australian land (other than agricultural
land) is >50 percent of its total assets by value.Back to article
15 Mining and production tenements are not included in this calculation in the case of privately owned investors from Chile, New Zealand and the United StatesBack to article
16 Agricultural
land is land used, or that could reasonably be used, for a
primary production business. There are some exclusions for
certain land that is not being used wholly and predominately for
a primary production business. A wind farm is not counted as agricultural land, and
land is not deemed to be vacant if a wind or solar panel station
is located on the surface of the land. Back to article
17 Agricultural land corporations and
trusts are those whose agricultural land is >50 percent of its
total assets by value. Back to article
18 A mining and production tenement
is a right under Australian law to recover minerals (such as coal
or ore), oil or gas in Australia or the Australian exclusive
economic zone or continental shelf (other than an exploration
tenement - see note 20 below).
This does not apply to: (a) an exploration tenement in respect of Australian land that is not national security land that is acquired by a foreign person who is not a foreign government investor; or (b) non-proprietary rights to an income stream from a mining or production tenement which do not give the holder a right to occupy the land or to control or influence who enters or occupies the land.Back to article
19Low threshold land includes sensitive land such as mines and critical infrastructure (for example, an airport or port). It no longer includes land falling under prescribed airspaces unless it is one or more of the kinds of low threshold land.Back to article
20An exploration tenement is a right under Australian law to recover minerals (such as coal or ore), oil or gas in Australia or the Australian exclusive economic zone or continental shelf for the purposes of prospecting or exploring for minerals, oil or gas.
Back to article
21Mining, production or exploration entities are those whose Australian exploration tenements or mining or production tenements are >50 percent of its total assets by value.
Back to article