Making sense of FIRB rules for foreign persons and investors

  Under Australia’s foreign investment framework, foreign persons generally need to apply for foreign investment approval before purchasing residential real estate in Australia. It is imperative that if you are a foreign individual you seek legal advice as to whether the rules administered by the Foreign Investment Review Board (FIRB) apply to you as strict criminal and civil penalties may apply for breaches of the law, including disposal orders.   New dwellings and vacant land