One Nation has uncovered the government lying about compliance with foreign ownership laws while Australians are sleeping on the street.
Data obtained by my office under freedom of information has revealed Labor is letting at least 80% of foreign owners of Australian homes flout the rules with no consequences.
The maximum penalty for an individual is meant to be $82,500 - every year they don’t lodge the mandatory form.
Tens of thousands of owners have failed to comply over the course of a decade. The government should be issuing BILLIONS in fines to these foreign rule breakers, not letting them off with a slap on the wrist.
For years, government has tried to fob off One Nation’s call to ban foreign ownership of Australian homes.
The government has lied to Australians - claiming the numbers are low and the compliance regime is “tough”.
This One Nation investigation proves the government can’t be trusted on foreign ownership.
One Nation’s policy is simple: Ban all foreign purchases of all Australian homes and give current foreign owners 3 years to sell their home back to an Australian.