Format: Available In Person or by Webinar!
The presentation will cover statutory obligations foreign investors have to apply for FIRB approval and then the registration obligations under new law known as the Register of Foreign Ownership of Australian Assets, which will commence on 1 July 2023. It will also include, the ATO’s new secure online platform for foreign investors, which will go live on 26 June 2023 and be used from that date by all foreign investors and their representatives to meet their foreign investment obligations with the ATO.
The key statute is the Foreign Acquisitions and Takeovers Act 1975, in particular Part 7A, to commence by proclamation on 1 July 2023.
With all Australian commercial and residential land being added to the new Register, conveyancers will have a key role in providing advice to their clients in this regard and therefore it is highly relevant for legal practitioners specialising in this area of legal services.
Members more than three years: $110
Members less than three years: $85