Nilofar Zimmerman

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On 11 February 2015, the Australian government announced that it would be changing the threshold for notifications of agricultural land purchases by foreign investors from $252 million to $15 million from 1 March 2015. Existing investments included in the threshold The new $15 million threshold is a cumulative threshold – it applies to a foreign investor’s aggregate holdings in agricultural land in Australia.  This means that a small proposed purchase of agricultural land by a…