GgoogleAU first seen 9 h ago, last 4 h ago, peak #6

Foreign investor fined $508k over Australian land banking

Original: ato foreign investor land fine

A foreign investor has been hit with a penalty of about $508,000 for breaching Australia's rules on land banking, with the Australian Taxation Office involved in enforcing foreign investment rules on residential land. The case highlights renewed scrutiny of overseas buyers holding vacant land without developing it.

Why now: Regulators are actively penalising foreign investors who breach Australian land ownership and development rules.

Australian Taxation OfficeSmart Property InvestmentAustralia

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• Foreign investor hit with $508k penalty over land banking · Smart Property Investment

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