# Tasmanian Natural Asset Trust

Type: Company

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/tasmanian-natural-asset-trust
Canonical HTML page: https://getlegalbrief.com/entity/tasmanian-natural-asset-trust

## Timeline

- **2026-07-07**: FIRB approval announced — Treasurer Jim Chalmers accepts Foreign Investment Review Board advice and greenlights the sale to Tasmanian Natural Asset Trust for more than $100 million.
- **1996**: Pye family acquires Rushy Lagoon — New Zealand’s Pye family purchases the property, later developing it into a large-scale dairy, beef and sheep operation.

## Recent coverage (1 stories)

### FIRB greenlights $100M+ foreign farm buyout despite food security laws
2026-07-27 07:05:00 · Sentiment: Neutral · Impact: 5/10 · Sources: 6

The Australian Treasurer approved the $100M+ sale of Rushy Lagoon to a UK-managed trust, sparking legal debate over the national interest test, the use of ‘marginal agricultural land’ classification, and taxpayer money committed before FIRB clearance. Potential administrative law challenges loom.
Full story: https://getlegalbrief.com/story/rushy-lagoon-firb-legal-food-security

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