The Community Housing Industry Association has backed the objectives of the Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax and Other Measures) Bill 2018.

In a submission supporting the amendment, CHIA contends that the main benefit of the housing-related measures in the Bill will be to facilitate institutional investment in long-term residential rental housing.

The bill will limit access to tax concessions for foreign investors, and provide incentives for investors to increase the supply of affordable housing, including by offering individuals the opportunity to invest in residential property via Managed Investment Trusts rather than by becoming a landlord.

You can download the submission here.