New OSR rulings on Additional Foreign Acquirer Duty
5 October 2016
The Commissioner of State Revenue has advised that new Additional Foreign Acquirer Duty (AFAD) public rulings are now available. The AFAD provisions commenced on 1 October 2016, as outlined in QLS Update of 28 September 2016.
The new rulings are:
DA000.14.1—Foreign corporations and foreign trusts—interests of foreign persons and related persons (28 September 2016)
DA000.15.1—Additional foreign acquirer duty—ex gratia relief for significant development (28 September 2016)
DA232.1.1—AFAD residential land (28 September 2016)