Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Firstly, the Australian Tax Office actually commenced the stocktake of foreign ownership in agricultural land on 1 July 2015, and our expectation is that we would start to have aggregate data available early in the new year, 2016. Obviously, progressively, we will be able to work our way through that in some more detail.

Just because you have a shareholding—a minority shareholding as you put it—in another company, that does not make you an associated company. There is a range of elements. Majority shareholding would be an indication, and control through relevant directorships is a relevant indication. But there is the usual definition of 'associated companies' that captures this for the purposes of the cumulative $15 million screening test.