You must lodge a return even when the dwelling has been occupied or made available for rent. When multiple dwellings are constructed on the land, a vacancy fee return must be lodged for each new dwelling constructed. The vacancy fee may also apply where a foreign person failed to submit a foreign investment application but purchased a residential property before 9 May 2017.įoreign owners of vacant land do not have to lodge a vacancy fee return until a dwelling has been constructed on the land. purchased under a New Dwelling Exemption Certificate that a developer applied for after 7:30pm AEST on 9 May 2017.made a foreign investment application for residential property after 7.30pm AEST on 9 May 2017.The vacancy fee return (see Vacancy fee form and payment instructions) must be lodged by foreign owners of residential dwellings who: Foreign investment in Australia: what you need to know – This content is also available in Chinese – traditional (繁体中文) and Chinese – simplified (簡體中文). Vacancy fee return: fact sheet for foreign owners – This content is also available in Chinese – traditional (繁体中文) and Chinese – simplified (簡體中文).The following factsheets are also available: The vacancy fee pre-recorded webinar External Link.Foreign Investment Review Board Guidance Note 6: Residential land External Link – refer to the Word or PDF download for information on Vacancy fee.It's intended as a financial incentive for foreign owners to make their dwelling available for rent and increase available housing in Australia.Īdditional resources about the vacancy fee can be found by visiting: The vacancy fee was introduced in December 2017 as part of the Australian Government’s comprehensive housing affordability plan. If you're a foreign owner of a residential dwelling you may be liable to pay the vacancy fee. You will be able to use this service to manage a range of foreign investment obligations online, including:įoreign owners of residential dwellings in Australia are required to pay an annual vacancy fee if their dwelling is not residentially occupied or rented out for 183 or more days (6 months) in a year. The vacancy fee for foreign owners of residential dwellings is part of the government’s housing affordability plan.Īs part of foreign investment reforms a new Register of Foreign Ownership of Australian Assets will be introduced on 1 July 2023.įrom 26 June 2023 our new ATO online service, Online services for foreign investors, will be available. Check how this may affect you, and what you can do to get ready to use the new online service. If you have any questions about the confidentiality of your information and data collected in this process, please email at call +61 2 2649 0393.From 17 June most current forms for foreign investors will be unavailable as we prepare to start Online services for foreign investors from 26 June 2023. The department’s privacy page can be found at: and includes key information regarding how we handle your personal information. The NSC sits with the Department of Employment and Workplace Relations. The NSC complies with all relevant provisions of the Privacy Act 1988 (the Privacy Act) and the Australian Privacy Principles contained in the Privacy Act. We are particularly interested in finding new sources of reliable labour market data. However, if there is something important that we need to know about an occupation when we undertake the consultation process, please tell us. We are primarily looking for information on where employers are having difficulty filling positions and the likely future demand for occupations. You are in the best position to help us understand the skills needs of the industry, occupation or region you represent. The SPL provides the following ratings of the current labour market for occupations where sufficient data are available to make an assessment. Similarly, employers can still have difficulty recruiting for occupations that are not in shortage. While an occupation can be considered in shortage, it is still possible that job seekers can face significant competition for positions (due to the level of experience or specialisations required). Similarly, a rating of national shortage does not mean that employers in every geographical location have difficulty recruiting. The term metropolitan area refers to state and territory capital cities and regional refers to the rest of the state or territory.Īn occupation may be assessed as being in shortage even though not all specialisations are in shortage. Where there is evidence suggesting variation between metropolitan and regional locations this is reflected in the rating. Ratings are provided nationally, and for each state and territory, where sufficient evidence is available. Taking account of all available information, a labour market rating is determined for each occupation.
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