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Foreigners are generally allowed to purchase farmland in Australia, subject to certain regulations and restrictions.
The Australian government closely monitors foreign investment in agricultural land to ensure it aligns with national interests. The rules and requirements for foreign ownership of farmland in Australia are administered by the Foreign Investment Review Board (FIRB).
The Australian government generally encourages foreign investment in agricultural land, as it can bring economic benefits and contribute to the growth of the agricultural sector.
However, there are some conditions and thresholds that need to be considered.
1. Agricultural Land Register
All foreign acquisitions of agricultural land must be registered with the Agricultural Land Register, regardless of the value of the land.
This register helps the government monitor foreign ownership of agricultural assets.
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| Platform | Minimum | Link | Accredited Only | Investments |
|---|---|---|---|---|
 | $8,000+ | View Investments | Yes | US Farmland, Timberland, Vineyards |
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2. Thresholds and Approval Process
The acquisition of agricultural land by foreign investors is subject to different thresholds depending on the type of investor and the value of the land.
For private foreign investors, any acquisition of agricultural land, regardless of the value, requires approval from the FIRB.
Different thresholds and requirements may apply to foreign government investors or investors from Free Trade Agreement partner countries.
3. National Interest Test
The FIRB assesses foreign investment proposals against a national interest test. Factors considered include the impact on agricultural production, employment opportunities, and local communities.
Investments that are deemed contrary to the national interest may be subject to conditions or may not be approved.
It is important for foreign investors to engage with the FIRB and seek appropriate legal and financial advice to understand and comply with the regulations surrounding foreign ownership of farmland in Australia.
This will help ensure a smooth investment process and compliance with all relevant requirements.
