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Foreign Investment Framework 2017 Legislative Package

8 March 2017 | Consultation Paper

On 1 December 2015, the most significant changes to Australia’s foreign investment framework in over 40 years were introduced. The reforms provided for stronger enforcement of the rules, a better resourced system and clearer rules for foreign investors.

In the year since the reforms were implemented, the Government has been seeking ongoing feedback from stakeholders on how the reforms are working in practice. Unintended consequences stemming from the 2015 reforms and opportunities for red tape reduction have been identified through this process.

This consultation paper seeks formal views from stakeholders on a suite of proposed changes in the areas of residential land, non-vacant commercial land, low sensitivity business investment and fees. The paper also provides an opportunity for stakeholders to present examples on how technical issues in the legislation could be addressed and any further ideas for reform.

Stakeholders are invited to provide feedback on the proposed changes and the estimated regulatory costs of the options. The final legislative package and the approach to its implementation will be determined by the Government following consultation.

Making a Submission

Interested parties are invited to comment on the consultation papers.

While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.

Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Wednesday, 29 March 2017

Address written submissions to:

Manager
Foreign Investment Policy Unit
The Treasury
Langton Crescent
PARKES ACT 2600

For enquiries please call Anita Levanat +61 2 62631545.

Key Documents

Make a Submission

  • Alternatively submit via post. Please include the attached submission cover sheet. 60KB
Ref Num: {BADEDCE6-DDE9-4C17-B43A-92B0FA0F8792}
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