Australia: Changes to Foreign Investment in Australian Real Estate - COVID-19 temporary changes and proposed new changes from 1 January 2021
Written By
In response to the unprecedented economic implications of the COVID-19 pandemic, the Australian Federal Government (Federal Government) announced via the Treasurer new Foreign Investment Review Board (FIRB) temporary measures, effective from 10:30 pm on 29 March 2020, in pursuit of protecting the national interest.
These changes have significant implications for land proposal transactions that would not otherwise be subject to the Foreign Acquisitions and Takeovers Act (Cth) (FATA).
Latest insights
More Insights
The Law Commission presents its proposals on reform of the Arbitration Act 1996
Oct 03 2023
Pet-ential competition concerns in the vet industry? UK watchdog launches review into the veterinary services market
Oct 02 2023
Attorney-General's Privacy Review Report: Australian government response flags significant changes on the horizon
Sep 29 2023