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Australia MPs seek higher fines for illegal home-buying

"If the FIRB (Foreign Investment Review Board) needs to be fixed, we will fix it," says Mr Hockey, Australia's Treasurer


FOREIGNERS who illegally buy homes in Australia should face higher fines, a parliamentary committee has said, calling on authorities to better police existing rules.

The current A$85,000 (S$94,564) fine for foreigners breaching the rules, "seen by many as simply the cost of...