Taxes may hit foreign developers

Original article by Larry Schlesinger
The Australian Financial Review – Page: 3 : 16-Jun-16

Frasers Property Australia CEO Rod Fehring has warned about unintended consequences of new charges applying to residential property acquired by foreign buyers. New stamp duty and land tax surcharges are being introduced in New South Wales, Victoria and Queensland. Fehring fears that the new charges could also affect foreign-owned property developers.

CORPORATES
FRASERS PROPERTY AUSTRALIA PTY LTD, AUSTRALAND PTY LTD, FRASERS CENTREPOINT LIMITED, PITCHER PARTNERS CORPORATE ADVISORY PTY LTD, NEW SOUTH WALES TREASURY. OFFICE OF FINANCIAL MANAGEMENT, NEW SOUTH WALES TREASURY. OFFICE OF STATE REVENUE, MERITON APARTMENTS PTY LTD

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