Ensure Legal has successfully assisted an overseas client in obtaining a no objection notification from The Treasury for acquiring a vacant industrial land in Toowoomba for the development of a warehouse.
Note the FIRB application process for vacant commercial/industrial land is completely different to the FIRB process for residential assets. For the commercial FIRB application, very often it needs to go through a national interest test (depending whether it’s a significant action). The approval also very often comes with development and reporting conditions.
Should you have any queries please do not hesitate to contact Stephen Kwok from Ensure Legal.
