Original article by John Kehoe
The Australian Financial Review – Page: 1 & 4 : 15-Apr-26

The federal government has previously announced a range of measures aimed at boosting investment in Australia. However, tax experts warn that Treasurer Jim Chalmers’ proposal to retrospectively apply a 30 per cent capital gains tax on foreign investors who sell property-related assets may have the opposite effect. The tax measure had previously been expected to apply to future asset sales, but Chalmers has proposed backdating it to 2006. Jenny Wong from CPA Australia warns that applying new tax laws to past transactions will make the nation a less attractive investment destination. The CGT change would apply to assets such as renewable energy infrastructure, ports, water entitlements and mining machinery.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, CPA AUSTRALIA