More foreign-owned properties in breach

Original article by Primrose Riordan, Su-Lin Tan
The Australian Financial Review – Page: 2 : 19-Jan-16

Treasurer Scott Morrison has ordered eight foreign investors to sell their properties because of breaching foreign investment laws. The affected real estate includes properties in Blackburn, Carlton and Mount Waverley in Victoria; Robertson, Crestmead, Eight Mile Plains and Park Ridge in Queensland; and Windsor in New South Wales. The Australian Taxation Office is investigating 800 other potentially illegal purchases of property.

CORPORATES
AUSTRALIAN TAXATION OFFICE, AUSTRALIA. DEPT OF THE TREASURY, JELLIS CRAIG AND COMPANY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD