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Overseas Investment (Build-to-rent and Similar Rental Developments) Amendment Bill

Introduced on June 11. The bill provides a new streamlined test that allows overseas investors to buy existing large rental developments, providing they meet the requirements of the investor test. This test enables other types of large rental developments that are functionally the same as BTR but may be considered different housing types, such as worker accommodation. Consent will be conditional on investors continuing to make available for lease at least 20 of the dwellings; otherwise, they must divest their interest in the asset.

Overseas Investment (Build-to-rent and Similar Rental Developments) Amendment Bill