Foreign persons who have breached the law by acquiring an interest in residential land without prior foreign investment approval may apply for retrospective approval of that acquisition.
Foreign persons who think they may have breached the law are strongly encouraged to self‑disclose this to the Government. Lower penalties may apply if a breach is self-reported.
Any person that suspects that the foreign investment law has been breached is encouraged to report this to the Government. Such reports can be made anonymously.
Within this guidance note you will find further information regarding compliance and penalties with respect to residential land and the topics below:
- Compliance approach with respect to residential land
- Penalty amounts for non-compliance
- Retrospective approvals (and disposal orders)
- The types of penalties – infringement notices
- The types of penalties – civil and criminal penalties