FIRB

“Earlier this month, Federal Treasurer Joe Hockey announced the first forced divestment since 2007 when he ordered the sale of a $39 million Point Piper mansion that had been illegally purchased by China’s 15th richest man.”

How about this:

1. Confiscation of the property when caught, and

2. A bounty hunter award of up to 10% for anyone helping to uncover illegal ownership, either direct or by beneficiary

That would make the foreign illegal property buyers think a little harder.