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10 Oct 2019 Foreign investment in Australia: What you need to know

If your client is a foreign investor (including temporary and non-residents) who has invested or plans to invest in Australian real estate, they may need to notify the ATO about their investment. 

It is important that they check the Foreign Investment Review Board (FIRB) Guidance Notes to see if they are affected by these rules and then obtain FIRB approval. 

More information, including links to the FIRB guidance notes, can be found here.

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