Deadline for Non-Residents to Register their Australian Agricultural Holdings on the New Agricultural Land Register

Posted by: Tony Allen

If you are a non-resident of Australia and you own agricultural land in Australia then you need to ensure that your agricultural land holdings have been registered on the new Australian Agricultural Land Register. [Click here for register]

There are recently announced new deadlines to register your interests. Penalties may apply to those who fail to register by the extended deadlines.

 All foreign individuals, companies and trustees non-residents who:

1. have held agricultural land on or after 1 July 2015 and before 1 February 2016, are required to register their interests by 29 February 2016; and
2. start to hold agricultural land on or after 1 February 2016 are required to register their interests before the end of 30 days after you start to hold the land.

If you:

1. are uncertain if under Australian law the Australian Taxation Office will treat you as a non-resident for agricultural land holding purposes; or
2. need advice or assistance concerning your Australian agricultural holdings or registration of your interests on the new Australian Agricultural Land Register,

then please call me to discuss - 07 3234 3112.