MEMORANDUM OF ADVICE

The proprietors of a high-end waterfront residential estate in South Perth are Mr and Mrs Chen, who holds the property as joint tenants. The individuals in question hold permanent residency status in Australia while maintaining their Malaysian citizenship. Before the acquisition of the South Perth property in 2018, the individuals in question leased multiple properties throughout different regions of Perth. It should be noted that they do not possess any additional real estate holdings within Australia. The individual in question has significant familial connections to Malaysia, including elderly parents with health issues. As a result, they frequently travel to Malaysia up to four times annually and reside in their personally owned flat, which is close to their relatives. They have frequently been away from Australia for one or two months regularly.