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Part 6 discusses the proposed expansion of FIRB's enforcement powers and the increase in penalties for non-compliance.

The new national Water Register would capture all industry sectors, not just water used for agricultural purposes.

In an increasingly complex geo-political environment, the Australian Government appears to have demonstrated greater commitment to the enforcement of sanctions under Australian law.

The Government announced that it would introduce a new stream of visa referred to as the 'Significant Investor Visa'.

The Australian Government has introduced legislation to reform its foreign resident capital gains tax regime, removing the controversial retrospective application of expanded 'real property' definitions while maintaining prospective changes that will significantly broaden the CGT base for foreign investors in Australian land, infrastructure and energy assets.

On 9 April 2024, the Australian Government released the exposure draft to reduce the managed investment trust (MIT) withholding tax rate from 30% to 15%.

Education in China is currently in a boom phase, with Chinese universities investing large amounts into the promotion of courses, research and development.

With a focus on national security issues, the Australian Government has introduced a new national security test.

This White Paper refers to some of the projects that may now require careful consideration and adaptation to the ATO's views.

The FATA provides a legislative framework to screen foreign investment into Australia and the Policy explains the FATA.

FIRB released Guidance Note 53 to further clarify FIRB applications and the current foreign investment review process.

The definition of 'foreign person' under FATA is very wide and can apply to a broad range of individuals and entities.

Australia may be losing its screen production competitiveness to other jurisdictions which offer similar tax incentives.

On December 1, the amnesty for breaches of foreign investment rules relating to residential property came to an end.

The foreign investment screening framework has recently been reformed to help boost Australia's growth as the global economy recovers.

This article discusses aspects of the banking and financial systems in Australia necessary for foreign investors.

Foreign investment in residential real estate would still be welcome but buyers may face tougher penalties for breaches.

Numbers have recovered since COVID, and 2024 saw a universal increase in international student revenue across the sector.