REGULATION OF FOREIGN INVESTMENT -
One of the first matters a foreign investor must consider when planning to invest in Australia is the impact of Australia’s foreign investment policy.
Foreign investment in Australia is principally governed by the Foreign Acquisitions and Takeovers Act and is administered by the Foreign Investment Review Board (FIRB).
The FIRB is a division of the Federal Treasury. Its function is to review foreign investment proposals and to make recommendations to the Federal Treasurer. The Treasurer will then make a decision, based on these recommendations, which will either permit or prevent the proposed foreign investment in Australia. This decision is commonly referred to as FIRB approval.
Please see full Chapter below for more information.
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