ARTICLE · 12 MAY 2015

New foreign investment rules - more details announced

Clayton Utz

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The Federal Government has announced more details on the proposed changes to Australia's foreign investment laws.

AustraliaGovernment, Public Sector

Jennifer Harris

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The Federal Government has provided more details on the proposed changes to Australia's foreign investment laws. This announcement follows the consultations on the Options Paper, which the Government released back in February 2015.

Fees and penalties from 1 December 2015

The latest announcement confirms the Government's intention to introduce new fees and penalties from 1 December 2015. As foreshadowed in the Government's previous announcements, the key measures are as follows:

Fees: Application fees will be introduced for both residential and agricultural land starting from $5,000, as well as for advanced off-the-plan certificates and investments in commercial real estate, business and agriculture sectors starting from $25,000.

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