Australia | Update on new Register of Foreign Ownership

05 June 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Consumer Products & Retail|Australia

Register of Foreign Ownership begins on 1 July and the Australian Tax Office may remove access to its online forms from 17-26 June in preparation.
This Alert highlights these upcoming developments.

The new Register of Foreign Ownership of Australian Assets (the Register) will commence on 1 July 2023. The Register requires foreign persons to register certain interests in assets that were previously exempt from registration requirements and prescribes new requirements for these registrations.

The Reg…

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