The Corporations Point-in-Time Service has been updated to include the new Foreign Acquisitions and Takeovers Amendment (Vacancy Fees and Other Measures) Regulations 2017 (Cth), as well as updated commencement information for Acts 126 and 127 of 2017.
These Regulations amend the Foreign Acquisitions and Takeovers Regulation 2015 to implement exceptions to the annual vacancy charge on foreign owners of residential real estate where property is not occupied or genuinely available on the rental market for at least six months (technically 183 days) in a 12 month period.
These amendments have been updated in the Point-in-Time Corporations Service current to 10 January 2018. (NB: Subscription required).
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