ANNOUNCEMENT 10 Jun 2016

In June 2016, the government of Australia announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 01 Jul 2016 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

 On 10 June 2016, the Queensland Treasurer announced the state would introduce a new 3% tax surcharge on foreign buyers of residential properties.
The tax is set to come into force starting 1 July 2016.
The move follows other states and the federal government which have introduced or raised foreign property taxes in recent months (cf. Related Measures).

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A