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Dear Sir/Madam
As of 31 March 2009, temporary residents are no longer required to notify or seek approval to purchase any of the following:
• a second-hand dwelling as their principal place of residence;
• any new dwellings; or
• single blocks of vacant land.
A person is a temporary resident if they are living in Australia and:
• they hold a temporary (that is, non-permanent) visa which permits them to stay in Australia for a continuous period of more than 12 months (this includes students); or
• they have submitted an application for permanent residency, and they hold a bridging visa which permits them to stay in Australia until that application has been finalised.
This exemption applies to real estate contracts entered into on or after 18 December 2008.
This office does not provide individual signed letters for real estate acquisitions that are exempt from the Act. This email constitutes a formal notification that no approval is required for this real estate acquisition. No further correspondence is required.
Please refer to the FIRB website www.firb.gov.au for further details.
Please note that you have to live in Australia at the time of the purchase to be exempt.
Foreign Investment Review Board
c/- The Treasury
Langton Crescent
PARKES ACT 2600
ph: 02 6263 3795 |
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