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Foreign Investment

According to the SMH: Five reasons the China ‘currency crisis’ is a beat-up

1. Compared with a real crisis, it doesn’t rate;

2. The yuan was overvalued, and still is;

3. Allowing the yuan to trade more freely is the right thing to do;

4. China has considered the West with its timing;

5. A lower yuan is not all bad news for the Wes.

For further details see the Full Article.

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Aussie John Symond says loan changes could help foreign investors

Aussie Home Loans founder John Symond has suggested a clampdown on lending to housing investors may be giving foreign investors an advantage in the market, as new lending to investors cool…Full Article.

Yuan devaluation won’t stop Chinese investments in Australian property

The unexpected devaluatation of the Chinese currency this week could drive an increase in the amount of money being invested in Australian property, industry experts believe.

While global markets recoiled in shock from the move by the People’s Bank of China on Tuesday, property experts said that contrary to some forecasts the move would work in Australia’s favour…..Full Article.

An Insightful Report by Austrade on the Major Factors Driving Investment into Australia

Why Invest in Australia?

  • Good regulators
  • Transparent regulatory responses
  • Stable political environment
  • Sound taxation regimes

An interesting article published by The Australian on 8 August 2015

China growth: Great ‘wall of cash’ is heading Australia’s way

“Australians have welcomed China’s decade-long binge on their iron ore, coal and increasingly liquid natural gas, which has boosted the Australian dollar and enriched government and corporate coffers alike. But the inevitable outward expansion of Chinese business and people alarms them.

A Lowy Institute survey in 2013 showed more than 55 per cent of Australians thought we were accepting too much investment from China, a nerve pinched again in June when the Abbott government signed a landmark free-trade deal with China, 10 years in the making.

Even without it, Chinese investment was set to soar. The Foreign Investment Review Board approved $27.7 billion ($12bn in real estate) of proposals in the 2014 financial year, more than from any other country, with a developing country edging out the US, with $17.5bn approved, for the first time. Property is the new favourite investment class….” Full article.

Foreigners increasingly buying existing Australian property

Media Release: Final complying investment design for the Significant and Premium Investor Visas: Measures will promote investment and innovation

3 August 2015: Joint media release

  • The Hon Andrew Robb AO MP, Minister for Trade and Investment
  • Senator The Hon Michaelia Cash MP, Assistant Minister for Immigration and Border Protection

New investment in innovative Australian ideas and emerging companies will be encouraged as part of enhanced Significant Investment Visa (SIV) and new Premium Investor Visa (PIV) complying investment framework arrangements announced today.

These investor visas offer pathways to permanent residency, subject to significant, complying investments being made in Australia by the applicants.  These framework changes reflect months of extensive consultation.

Austrade and the Department of Immigration and Border Protection will continue to consult with stakeholders to explain the investment framework ahead of the changes to the programme being implemented on 1 July 2015…..full release.

Please contact Arion Consulting Group for further information or discussion.

An insightful summary by Piper Alderman regarding the changing foreign investment framework in Australia :

Full article

  • Effective from 1 March 2015, it became a requirement that if a Foreign Person’s cumulative holdings in Rural Land are equal to or exceed $15 million dollars, the Foreign Person must obtain Foreign Investment Review Board (‘FIRB’) approval to acquire or purchase any additional Rural Land.
  • On 3 March 2015 the Hon Joe Hockey MP issued a media release which stated that he had made an order under FATA for Golden Fast Foods Pty Ltd to divest its interest in an established residential property at 63-67 Wolseley Road Point Piper as the company did not follow the correct approval process under FATA when it acquired the property.
  • From 2 May 2015 the Australian Taxation Office (‘ATO’) commenced compliance activities to ensure that Foreign Persons who have invested in Australian residential property are meeting their obligations under FATA.
  • The ATO will be responsible for a register related to foreign ownership of agricultural land. Any Foreign Persons who buy or acquire an interest in agricultural land from and including 1 July 2015 must notify the ATO of the acquisition (within 30 days of the acquisition) and go onto the foreign ownership register.

Any Foreign Persons who prior to 1 July 2015 have:

  • an existing interest in agricultural land
  • a new interest in agricultural land
  • no longer have an interest in agricultural land,

must notify the ATO by no later than 31 December 2015 of their interest or otherwise so that this information can be put on the foreign ownership register.

Top 10 investors in Australian Real Rstate in 2012-2013.

RA 2

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