I inadvertently bought some land about 6months ago to build a house and recently a friend told me that I should have obtained FIRB approval. What action will the Government take against me now?
A. Action will depend on whether your acquisition would have been approvable under the current guidelines. Worst case scenario – where it is considered inconsistent with policy you may be ordered to sell the land within a certain time. Provided you sell within the required time, prosecution is unlikely though details of the breach will be sent to the immigration authorities for any action they deem necessary.
Related Questions
- I inadvertently bought some land about 6 months ago to build a house and recently a friend told me that I should have obtained FIRB approval. What action will the Government take against me now?
- I inadvertently bought some land about 6months ago to build a house and recently a friend told me that I should have obtained FIRB approval. What action will the Government take against me now?
- Due to unforeseen circumstances, we are unable to build the house on the land we bought. How will the Government view us selling without undertaking development?
