The Australian Tax Office says it is investigating 195 real estate sales to foreigners to ensure they have the appropriate approval from the Foreign Investment Review Board. The ATO has identified one foreign investor who appears to be linked to 10 properties.

Under the current amnesty, investors who declare unlawfully purchased properties before November 30 would avoid prosecution. Up to 24 foreign investors have come forward under an amnesty to disclose they may have breached home-ownership rules while others have been dobbed in by a third party. Some have breached the law – some haven’t, according to Tax commissioner Chris Jordan.