Compliance with foreign investment obligations for residential real estate
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The objective of this audit is to assess the effectiveness of the Australian Taxation Office’s (ATO) and Treasury’s management of compliance with foreign investment obligations for residential real estate.
To form a conclusion against the audit objective, the following criteria will be adopted:
- Compliance and enforcement strategies and detection arrangements are in place to support compliance activities.
- Activities are undertaken to promote voluntary compliance and effectively address identified instances of potential non-compliance.
- The effectiveness of compliance arrangements is monitored and reported.
Note: This audit will not examine foreign investment in agriculture or commercial real estate. This audit will also not examine the approval of applications for investment in residential real estate.
Contribute to this audit
The ANAO welcomes members of the public contributing information for consideration when conducting performance audits. Performance audits involve the independent and objective assessment of the administration of an entity or body’s programs, policies, projects or activities. They also examine how well administrative support systems operate.
The ANAO does not have a role in commenting on the merits of government policy but focuses on assessing the efficient and effective implementation of government programs, including the achievement of their intended benefits.
The audit you have selected is currently collecting audit evidence and is seeking input from members of the public. We particularly value information that deals with significant matters or insights into the administration of the subject of this audit. Information can be submitted either by uploading a file, or by entering your information into the comments box below
The confidentiality of your contribution is protected by law. Information you provide can only be disclosed for defined purposes (see Sections 36 and 37 of the Auditor-General Act 1997). In addition, any personal information gathered by the ANAO is also subject to the provisions of the Privacy Act 1998 (see our privacy page).
While your contribution will be considered, and handled with care, you will not automatically receive feedback about your contribution. However, if you provide your contact details, you may be contacted regarding your contribution.
Please note that contributions are intermittently monitored. We aim to consider all contributions within 14 days of receipt.
We anticipate accepting contributions to this audit until Wednesday 28 February 2018.