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Business View Australia - March-April 2016 137
PERTY DEVELOPMENT
This issue came to the fore when
a parliamentary inquiry revealed
that the Foreign Investment Review
Board, which is mandated to
approve purchase of real estate
by foreigners, had not prosecuted
a single case since 2006.
REIA has said that it supports the
current government regulations
on the issue of foreign investment
in property and was pleased to
see the Parliamentary inquiry