Foreign Ownership

Can a Foreign Buyer purchase land in Queensland?

Clause 10.2 of the standard REIQ Contract provides a warranty by the Buyer that the purchase of the property is not notifiable under the Foreign Acquisition and Takeovers Act 1975 (Cth) and that the Foreign Investment Review Board (FIRB) has no objection to the Buyer’s acquisition of the property.

TIP: If the Buyer is a Foreign Buyer under the Act then the Contract should be made subject to them obtaining FIRB approval to purchase the property.

(ALSO READ:)
GST Withholding Law
Buyers Guide
Sellers Guide

To learn more about Foreign Ownership today, contact Ownit Conveyancing on 1300 553 750

Check out Ownit conveyancing Queensland offices near you:

Other Topics
Need Help?

Contact us today for all your conveyancing needs.

Andrew Francey

B.Bus, GCAF, GAICD

Chief Operating Officer

Andrew has over two decades experience in high growth fast moving consumer goods, agribusiness and professional services. Supporting the Ownit team to deliver on client expectations, and implementing processes to scale the organisation, is a key focus for Andrew.

Andrew is a C-Suite leader with Chairman and Board experience.  He has formal qualifications in Business, Applied Finance and AICD Company Directors Course.

How Can We Help?

Google Rating
4.6
Based on 1459 reviews
×