The Queensland Government has legislated an additional three per cent stamp duty surcharge (known as Additional Foreign Acquirer Duty or 'AFAD'), which came into force on 1 October 2016. It focuses on when a foreign person acquires residential land in Queensland.

The AFAD will potentially apply to the following entities: In respect of any proposed acquisition or series of acquisitions of residential land in Queensland as a ‘significant developer’, or the land being acquired be deemed a ‘significant development.'[i].  Significant developer or significant development status may have access to ex gratia…