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ARTICLE · 16 MARCH 2015

Foreign investment changes flagged by Australian government

These changes, if implemented, will affect property developers and foreign investors in Australia's agribusiness sector.

AustraliaGovernment, Public Sector
Anita White
Anita White
Ben Wu
Ben Wu

In brief - Options paper now open for submissions

Changes to the Commonwealth government's foreign investment policy have been outlined in the options paper released on 25 February 2015, called Strengthening Australia's Foreign Investment Framework. The changes, if implemented, will affect property developers and foreign investors in Australia's agribusiness sector.

Options paper addresses policy changes, fees, developers and compliance

The options paper:

  • proposes amendment of the current arrangements applying to property developers
  • foreshadows the introduction of fees for applications for approval
  • sets out enhanced compliance activities
  • outlines a change of policy in relation to foreign investment in rural land and agribusiness

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