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The report of the Parliamentary Inquiry into Foreign Investment in Real Estate was officially released yesterday, generating a significant level of interest and comment in the media.
Whilst not all commentators are wholly supportive of all of the key findings and associated recommendations of the Committee, there appears to be a general consensus that data on foreign investment, particularly in the residential market, is poor and needs improvement.
The Committee’s report then makes twelve separate recommendations to improve FIRB operations.
A copy of the full report is available here.
If you wish to discuss the findings of this report with one of our real estate or investment managers please contact our senior advisors below.
Founding partner of our real estate group KordaMentha Real Estate, Berrick Wilson, has this week been included as No.28 in a list of 50 most influential people in Australian cycling.
KordaMentha partners, Grant Graham and Neale Jackson, have been appointed Voluntary Administrators by the Board of menswear clothing retailer, Meccano 2016 Limited, trading as Meccano.
Earlier this year, the Australian government introduced the Fair Work Amendment (Protecting Vulnerable Workers) Bill, which sets out to increase the penalties for serious contraventions and broaden the scope of compliance respon...
We are pleased to advise that our Forensic practice has been recognised as the leading digital forensic group in Asia-Pacific in Who’s Who Legal 2018 Investigations edition.