Urban Land Corporations/Trusts

A corporation or trust is deemed to be an urban land corporation or trust if it holds more than 50 per cent of its assets in Australian urban land (that is, non-rural land). Any interest acquired in such a corporation or trust is considered to be an acquisition of an interest in Australian urban land and is therefore compulsorily notifiable under section 26A of the FATA, irrespective of whether or not:

• the acquisition represents a substantial interest in the corporation or trust; and
• the target company is valued below the relevant monetary threshold.

Applications for approval will be considered on a case‑by‑case basis based on the nature of the real estate interests being acquired under the policy.

Who is exempt?

Refer to Exemptions for acquisitions which do not require notification and approval.

How to Apply

For information on how to apply (including application forms), please see How to Apply.