SYDNEY: Australia put into force a robust new investment regime Tuesday cracking down on foreigners who unlawfully own residential properties and tightening scrutiny on purchases of farmland from overseas.
The government announced in May it planned to fine and even jail foreigners who flouted rules that only allow them to buy new dwellings, and not existing residential property.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.