I believe no, but when buying a company you inherit any unpleasantness from its past, legal issues, compliance, tax etc.
Unless it is classed as land rich Land Rich companies Landholder duty Check your OSR for other states.
Well, that rings a dim, distant bell. I shouldn't rush to the simple solution, there is always a twist.
Interesting replies, thanks. The state is Western Australia. Value is approximately $2,000,000 A couple of acres with commercial buildings.