Objective 2.2

Regulatory settings and standards that enhance competitiveness

Action 2.2C

In progress

The Government will continue to provide accessible and user-friendly information for foreign investors to Australia, including through the websites of the Australian Tax Office, the Foreign Investment Review Board and Austrade.

Department of the Treasury

Outcome 2
Outcome 2
Best-practice systems and rules across Australia
Industry
recommendation/s
Description
Government response
Related Action/s
6A

Develop accessible, user-friendly tools that give greater clarity to foreign investors on how they will be taxed in Australia (such as detailed ‘scenario-based’ taxation guides based around the categories of financial products specified in the APEC Asia Region Funds Passport).
Noted
Action 2.2C
Action 2.2D

Progress to date

As part of the Government’s Global Business and Talent Attraction Taskforce, the ATO has introduced the New Investment Engagement Service for foreign businesses (identified through the Taskforce) planning significant new investments in Australia. The service commenced 1 July 2021.