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ATO Provides Guidance on Temporary Changes to Foreign Investment Framework Due to COVID-19

|Approved Changes|Australia
Australia

The Australian Taxation Office (ATO) has announced guidance regarding temporary changes to the foreign investment framework due to COVID-19, which includes a temporary reduction of all monetary screening thresholds to AUD 0 for all foreign investments.

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COVID-19: Guidance Note on changes to the foreign investment framework

Following the recent announcement of temporary changes to the foreign investment framework, Treasury has released supplementary Guidance Note 53 – Temporary measur…

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