Are you considering selling your business, or seeking investors in your business? Tap into MST Lawyers’ international network of contacts
If you are looking to attract buyers of, or investors in, your business, looking beyond Australia may be a worthwhile strategy. MST Lawyers can help, through its extensive network of overseas contacts.
Foreign investment has been a very topical issue of late. Earlier this year the ATO announced “Project DO It”, an initiative designed to make taxpayers come forward and voluntarily disclose unreported foreign income and assets. In its June Bulletin, the Reserve Bank of Australia considered the impact foreign investment is having on the real estate market in Australia. Furthermore and perhaps more publicised, there has been an apparent resurgence in corporate takeover activity from foreign companies this year.
In light of the above, it is timely to consider the law surrounding a foreign person’s investment in Australian corporations and Australian urban land.
The Federal Government recently announced a major boost to strengthen participation of Australian Industry in projects through changes to the Enhanced Project By-law Scheme (EPBS).
The Australian Customs Service states that it “manages a range of programs to support local industry”. One such program is the Tariff Concession System. Find out how this may affect you if your company is importing goods into Australia.