Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Act 2019 (129 of 2019)

Schedule 3   Near-new dwelling interests

Part 1   Amendments

Foreign Acquisitions and Takeovers Act 1975

9   After subsection 113(4)

Insert:

(4A) A near-new dwelling acquisition is an acquisition by a foreign person of a near-new dwelling interest that is covered by the residential land (near-new dwelling interests) certificate given to the developer.