The Treasurer has announced changes to Australia’s foreign investment review framework, effective from 10.30pm AEDT on Sunday 29 March 2020, relating to monetary thresholds and timeframes for reviewing applications. Details are available in our Guidance Note number 53, which addresses the effects of the changes. All material on this website should be read in light of the Treasurer’s announcement.

Turnbull government orders further 16 forced sales of properties illegally held by foreign nationals

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.