Professional Documents
Culture Documents
Conclusion
17. The new legislation is poorly thought out and even more poorly drafted. It has the potential to
confuse developers and investors in residential property. Its current legal, administrative and
economic consequences mean that changes to it are inevitable. However that only increases the
uncertainty for investors in the meantime.
18. More ominously, however, is our offshore client feedback in the week since the Act came into
effect. Generally clients are less interested in the detail of the law than the general signal that
these changes send out about Fijis attitude to foreign investment. This, too, will have
consequences.
Contact
19. Contact any Munro Leys partner Richard Naidu, Jon Apted or Nicholas Barnes to discuss
further.
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[1]The definition of integrated tourism development is not clear and there is no clear means of
ascertaining whether a development complies with the definition or not. However few such
developments are within city or town boundaries anyway, so the exception is mostly redundant.