Overseas Investment Amendment Act to come into force on 22 October
Thanks to Todd & Walker for this post
The Overseas Investment Amendment Act 2018 has now received Royal Assent and will come into force on 22 October 2018. The Overseas Investment Regulations 2018 have also now been released which will come into force on 22 October 2018.
Any agreements for sales of land categorised as Residential or Lifestyle for rating purposes entered into after 22 October will be subject to the new provisions.
Should you need any advice on the impacts of the new legislation or would like our property team to meet with you to discuss the changes please contact the property law experts at TODD & WALKER Law.
Jessica Weinberg LLB BCom
P: +64 3 441 2743 | M: +64 27 371 5171 | F: +64 3 441 2976