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(1) SYDNEY—Several foreign owners of residential property across Australia have been ordered to sell as the government intensifi
(1) SYDNEY—Several foreign owners of residential property across Australia have been ordered to sell as the government intensifi
admin
2022-06-02
26
问题
(1) SYDNEY—Several foreign owners of residential property across Australia have been ordered to sell as the government intensifies its crackdown on the abuse of homeownership laws by buyers from China and elsewhere.
(2) Treasurer Joe Hockey said foreign investors have been ordered to sell six properties in the cities of Sydney, Brisbane and Perth. The homes are valued between 152,000 and 1.86 million Australian dollars (US$112,000 and US$1. 37 million).
(3) The orders could be the tip of the iceberg, as Mr. Hockey said investigations have unearthed 462 possible breaches of foreign homeownership rules after the government ramped up its spending on enforcement in its May budget. The number of cases being investigated has more than doubled since the last estimate was given in June.
(4) The treasurer said he expects more divestment orders will be announced soon, and promised to increase penalties for those who break the rules.
(5) With skyrocketing house prices putting homeownership out of reach of many Australian citizens, the conservative government is under pressure to make housing more affordable, and rein in surging investor buying that some fear may push the market to unsustainable levels, causing a crash as the economy slows at the end of a long mining boom.
(6) The worry is that money from places such as China and Southeast Asia is fuelling the housing problem. In April, Australia’s Foreign Investment Review Board said China had overtaken the U.S. as the country’s biggest source of investment from overseas, with a total of A$27. 6 billion last year. Real estate accounted for almost half of the money.
(7) In March, the treasurer said he had ordered a Hong Kong-based buyer of an A$39 million Sydney mansion to sell the property after investigators said it was purchased illegally.
(8) The latest divestment orders relate to properties owned by five investors from four countries, including China. Some had purchased properties with Foreign Investment Review Board approval, but their circumstances changed and they failed to comply with divestment requirements, Mr. Hockey said. Others broke the rules at the outset by purchasing a property without approval, he said.
(9) The investors voluntarily came forward to take advantage of an amnesty (an official pardon) from criminal prosecution announced in May, Mr. Hockey said, and they now have 12 months to sell the properties. The treasurer said foreign investors had until Nov. 30 this year to voluntarily come forward under the amnesty if they had illegally purchased residential real estate in Australia.
(10) The treasurer said he plans to introduce new legislation into federal parliament in the next two weeks that will increase penalties for foreign investors who break the rules.
(11) Under the new regime, non-residents illegally acquiring established properties will face a maximum fine of A$ 127,500 or three years imprisonment. They will also stand to lose the capital gain made on the property, 25% of the purchase price or 25% of the market value, whichever is greater.
(12) Third parties, such as real-estate agents and financial advisers, also may be prosecuted under the changes for assisting in an unlawful purchase.
(13) Rules on property buying by foreigners were strengthened about five years ago to restrict purchases to new dwellings that would boost the country’s housing stock, with the added benefit of spurring residential construction. Under those rules, temporary residents were allowed to buy established homes with approval from the foreign-investment regulator, but had to sell when their temporary visas expired.
(14) Last year, a government committee recommended changes to the rules, including a clean-up of procedures to help uncover illegal home buying, penalties for breaches of the framework, punishments for third-party rule breakers and tweaks to ensure the immigration department informs the foreign-investment watchdog when a person leaves.
What would the government do with investors who have bought residential real estate illegally?
选项
A、Leave them alone if they do not purchase again.
B、Force them to resell their properties until Nov. 31 this year.
C、Place criminal charges against them if they purchased a property without approval from Foreign Investment Review Board.
D、Allow them a year to sell their properties if they come forward voluntarily before Nov. 31.
答案
D
解析
细节题。信息见文章第九段,政府给所有外国投资者一个时间节点,即11月31日,在此之前如果主动承认购买的房产是钻了法律的空子,则购买人可以有一年的时间转卖掉房产,不会被罚款或起诉。选项A与文章主旨不符,选项B将时间节点张冠李戴,选项C混淆了第八段的相关信息。故选D。
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0
专业英语四级
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