In a move to enhance regulation of foreign investment, the federal government has launched a new campaign urging Australians to dob in foreign residential property purchasers via a dedicated platform run by the Australia Tax Office (ATO). Treasurer Josh Frydenberg is hoping that the Tip OFF campaign will encourage people to report suspicious purchases or ownerships noting that this is part of upgraded efforts to safeguard Australian’s interest in the residential real estate sector. “Stronger and more flexible enforcement options will ensure that our foreign investment regime can respond to emerging risks and global developments,” Frydenberg said in a statement on Dec 21. “While the majority of foreign investors act in good faith in complying with the law, Australians expect their government to maintain a high standard of enforcement in order to safeguard Australia’s national interest, businesses and the economy,” he said. Australians are encouraged to call the hotline on 1800 …