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The government will also release draft legislation that introduces a new national security test for foreign investors.

Private NZ investors will be subject to foreign investment screening if the target value is greater than A$1078 million.

The Report is a reminder of the essential contribution of foreign investment to Australian economic growth and prosperity.

The Office of State Revenue (Queensland) has updated conditions under which ex gratia relief from AFAD can be sought.

The Commonwealth Government is introducing "better scrutiny and reporting of foreign purchases of agricultural land".

Treasury has released the Modernisation Options Paper and the proposals will affect all foreign investment in Australia.

The FIRB will not give approval if you are buying second-hand property, intended to be used as an investment property.

The Australian Government needs to take a proactive approach to opening up African resources for Australian businesses.

The long-awaited bill regulating activities of direct offshore foreign insurers ("DOFIs") in Australia has finally been released.

Asian buyers represent a very significant component of purchaser demand in Australia, particularly in the capital cities.

The reality is Australian broadacre agriculture has been and will continue to be largely reliant on foreign investment.

The Foreign and Investment Review Board (FIRB) has just released a new foreign investment policy, which sets out its approach when assessing foreign investment applications under the Foreign Acquisitions and Takeovers Act 1975. Among other things, the policy defines the term ‘foreign governments and their related entities’, and outlines the factors FIRB will take into account when considering if a proposed investment is contrary to Australia’s national interest.

This update discusses a recent case and proposed developments in Australian tax law relevant to foreign investors.

The proposed changes may send a negative message to potential Australian investors under the Significant Investor Visa.

Revenue NSW has dramatically increased its enforcement efforts in relation to surcharge purchaser and land tax duties.

The broad definition of 'foreign persons' will catch discretionary trusts with foreign persons as possible beneficiaries.

Any contract or lease for property in Queensland should appropriately address this increased liability for land tax.