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Register of Foreign Ownership of Australian Assets


1 Standard CPD unit

Presenter: Elizabeth Haydon (Director, Stakeholders and Reporting, Foreign Investment Programs - Australian Taxation Office)
Date: Thursday, 13 July 2023
Time: 10:00am - 11:00am

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.

 


Fees:
Members more than three years: $110
Members less than three years: $85
Non-Members: $160
When
13/07/2023 10:00 AM - 11:00 AM
Where
Law Society of South Australia Level 10, Terrace Towers 178 North Terrace ADELAIDE SA 5000 AUSTRALIA

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Program


Thursday, 13 July 2023

Description
Registry of Foreign Ownership of Australian Assets
13/07/2023

 

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Cancellation and Payment Terms: Registration fee payment is required in full at the time of registration. Previously paid registrations are transferable subject to the alternate attendee being eligible to register at the same registration fee (that is a practitioner who is not a Society member is not eligible to attend in place of a member without the price differential having been paid. Any person who has registered and paid to attend an event but is subsequently unable to do so and does not wish to transfer the registration is able to apply to the Society for a refund, however such refunds (in whole or in part) will be at the discretion of the Law Society subject to the circumstances and any external costs paid by the Society which cannot be recovered by us. Where there are event specific cancellation and/or payment terms published, those terms override any conflicting terms specified here.
MCPD Units: Any MCPD Units listed are only provided as a guide and attendees must satisfy themselves about the nature and quantity of MCPD Units they can claim for the activity. Please refer to the MCPD Guidelines for details at www.lawsocietysa.asn.au/mcpd
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