1 December 2015
Statement by the Treasurer, the Hon Scott Morrison
30 November 2015
From 1 December, the Government introduced changes to strengthen Australia’s foreign investment framework through amendments to the Foreign Acquisitions and Takeovers Act 1975 and the introduction of the Foreign Acquisitions and Takeovers Imposition Fees Act 2015. The legislation aims to strengthen the laws around foreign investment and will impose penalties for breaching the foreign investment rules.