Scott Morrison flags plan to ban house sales that breach foreign investment rules

Scott Morrison flags plan to ban house sales that breach foreign investment rules

The Guardian: World News

‘It means state and federal working together and there’s nothing wrong with that,’ treasurer says

The government is considering a ban on sales of residential property that breach foreign investment rules, Scott Morrison has revealed.

The treasurer flagged the plan on 2GB Radio on Tuesday when asked why the current regime only allowed for forced sales where rules were breached rather than a check on purchasers’ entitlement to buy property before a sale.

Continue reading...
view The Guardian: World News