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https://castle-familyoffice.sg/media/our-media-coverage/what-do-you-need-to-know-about-the-new-investment-regime-in-australia/
Foreigners planning to invest in Australia should first familiarize themselves with the new rules. These rules completely replaced the pre-existing regime, and the amendments continue to be introduced so far. While Australia generally welcomes foreign investment, some of them may require additional government approval