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Release of Consultation Paper on the Foreign Investment Framework – 2017 Legislative Package
8 March 2017
The Government has released a consultation paper on proposed changes to Australia’s foreign investment framework. The consultation paper seeks views from stakeholders on proposed changes in the areas of residential land, non-vacant commercial land, low sensitivity business investment and fees. The paper also provides an opportunity for stakeholders to present examples on how technical issues […]
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New Treasury Working Paper released on foreign investment
2 December 2016
Treasury has released a new Working Paper on foreign investment and residential property price growth. A key finding of the paper is that the majority of residential real estate price growth experienced in recent times does not appear to be attributable to increased foreign demand.
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Government to allow on-sale of off-the-plan dwellings failing to reach settlement
26 November 2016
The Treasurer, Scott Morrison, has distributed a media release regarding changes under the foreign investment framework to allow foreign buyers to purchase an off-the-plan dwelling when another foreign buyer has failed to reach settlement.
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Guidance note on tax conditions
24 November 2016
The guidance note on tax conditions has now been released. It includes a template for reporting back to the Foreign Investment Review Board on compliance with tax conditions. The guidance note is available for download in both PDF and DOCX format.
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Statement by Mr Brian Wilson, Chairman of the Foreign Investment Review Board
5 October 2016
To ensure there can be no question as to the integrity of Australia’s foreign investment review system I have decided to suspend the commencement of my proposed role with The Carlyle Group until April 2017, when my term as part-time non-executive chairman of the FIRB expires. On 5 September it was announced that I would […]
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Report on Register of Foreign Ownership of Agricultural Land
29 September 2016
The Treasurer has released the second report of the Register of Foreign Ownership of Agricultural Land.
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Turnbull government orders further 16 forced sales of properties illegally held by foreign nationals
19 September 2016
The Treasurer, Scott Morrison, has distributed a media release regarding the Turnbull Government’s 16 forced sales of properties held as investments by foreign nationals in breach of the foreign investment framework.
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Report on Register of Foreign Ownership of Agricultural Land
7 September 2016
The Treasurer has released the first report on data collected through the Register of Foreign Ownership of Agricultural Land.
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1 July amendments to streamline and enhance Australia’s foreign investment framework
1 July 2016
Changes to the foreign investment framework announced in the 2017-18 Budget and additional technical amendments take effect from 1 July 2017.
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Fees Indexation
27 June 2016
Fees for foreign investment applications and notices are indexed each financial year from the averages of the consumer price index (CPI). New fees apply from 1 July 2016 which have been calculated using the indexation factor of 1.015.