From www.brokernews.com.au: The ATO has updated tax regulations to require all property sellers in Australia to provide a clearance certificate proving their residency status at the time of settlement, effective January 1, 2025.

Previously, only foreign owners and Australian residents selling properties valued at $750,000 or more were subject to this requirement.

Failure to present the certificate will result in buyers withholding 15% of the sale price, which is an increase from the previous 12.5%.