The Register of Foreign Ownership of Agricultural Land Act 2015 (Cth) took effect from 1 December 2015. Under this legislation, all foreign persons that hold any interest in agricultural land are required to register that interest with the Australian Tax Office (ATO) by 29 February 2016. Interests acquired by foreign persons after 1 February 2016 must be registered with the ATO within 30 days of the acquisition.

(From the article)