Australia’s proposed foreign investment framework

On 25 February 2015, the Government released an options paper titled ‘Strengthening Australia’s Foreign Investment Framework’  that proposes a series of new policy positions regarding acquisitions of real estate property, farm land and businesses by foreigners. The proposed changes include the introduction of a new fee paying foreign investment application regime, enabling Australian Taxation Office (ATO Australian Taxation Office) to enforce a penalty regime and reducing monetary thresholds for screening of investment applications for certain agricultural land and business by foreign private investors, both from free trade agreement (FTA) and non-FTA partner countries.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *