Australia has published the Treasury Laws Amendment (2024 Tax and Other Measures No. 1) Act 2024, which received Royal Assent (was enacted) on 10 December 2024. The Act contains measures to increase the integrity of the foreign resident capital gains withholding (FRCGW) regime. This includes an increase in the FRCGW rate for relevant CGT assets from 12.5% to 15% and the removal of the current AUD 750,000 threshold before which withholding applies for transactions involving either taxable Aus…