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Recorded Webinars

Recorded Webinar: A Foreign Affair - Acting for Foreign Citizen Vendors and Purchasers (Qld)

Property investment in Australia has been the subject of changing rules and requirements over the last few years, a result of the surging property market, the impact of the pandemic and the deteriorating relationship with China. This session provides a detailed update to conveyan
PRESENTED BY Eddie Leong Special Counsel - Cornwalls , Brisbane

Date/Time

About the Webinar

Property investment in Australia has been the subject of changing rules and requirements over the last few years, a result of the surging property market, the impact of the pandemic and the deteriorating relationship with China. This session provides a detailed update to conveyancing practitioners of federal and Queensland approval, tax and duty regimes for property transactions involving foreign citizens, including:

  • What properties can foreign investors purchase?
  • FIRB approvals – requirements and exemptions
  • When should an application to FIRB be made? How long does an application take to be assessed?
  • Are fees refundable if an application is rejected?
  • Buying from developers with FIRB pre-approval – is further approval required by the purchaser?
  • Options for a purchase through trust or company structures – will this avoid FIRB approval requirements?
  • Drafting tips for “subject to FIRB approval” contract conditions and deposit refunds
  • Penalties for non-compliance with the FIRB requirements

Presented By

Eddie Leong
Special Counsel, Cornwalls Brisbane, Qld

With over 15 years experience guiding clients in the acquisition, sale and development of commercial and industrial properties, Eddie is highly valued by his clients for providing sound legal advice, always being commercial and safeguarding their interests.

Eddie is a multilingual property lawyer who effectively communicates technical and complex information while overcoming cultural and language differences.

Cultural and language barriers are no problem for Eddie when it comes to property transactions involving international buyers and sellers. He has worked on complex property matters for a wide range of clients including large international institutional investors, property developers, state owned enterprises, State and Federal Government representatives and high net worth individuals and families.

 

Who Should Attend?

This webinar is suitable for lawyers practising in property law in Queensland. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Lawyers can claim 1 CPD unit – substantive law .

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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