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AAP
AAP
Politics
Dominic Giannini

DARK SECRETS: Hike to foreign investment fees penalties - The Real Truth

Treasurer Jim Chalmers says the government welcomes foreign investment in Australia. (Mick Tsikas/AAP PHOTOS) (AAP)

Foreign investment application fees will double and penalties will be increased in a move that will add $455 million to the budget's bottom line.

The new fees range from $4000 on investments valued at less than $75,000, to more than $1 million for residential investments over $40 million and commercial ones over $2 billion.

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