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The Prime Minister has called the election for 2 July and the caretaker conventions apply until a new government is elected. During the caretaker period, the business of government continues and ordinary matters of administration still need to be addressed.

As a general rule, most foreign investment proposals can be considered to be part of the normal business of Government and should not be affected by the caretaker period.

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Latest news

  • Taxation conditions – clarifying requirements for foreign investment

    3 May 2016

    Tonight’s Federal Budget makes important protections to the integrity of Australia’s tax base, designed to ensure that all individuals and businesses pay the right amount of tax. The application of tax conditions to foreign investors, where it is decided that a particular foreign investment application presents a risk to Australia’s revenue, is an important part…

  • Foreign Investment in Australia remains strong

    8 April 2016

    The Foreign Investment Review Board 2014-15 Annual Report is now available. It shows that foreign investment continues to make an important contribution to the Australian economy. For the second year in a row there has been a significant increase in both the number and value of foreign investment proposals in Australia. Nearly 38,000 proposals received…

  • Critical asset sales now reviewed

    4 April 2016

    Following the Treasurer's announcement, as of 31 March 2016 sales of critical state-owned infrastructure assets to private foreign investors are now formally reviewed by the Foreign Investment Review Board (FIRB). This required amending Section 31 of the Foreign Acquisitions and Takeovers Regulation 2015 removing the exemption for private foreign investors acquiring an interest in critical…

  • Foreign-owned agricultural land holdings to be registered by 29 February 2016

    22 February 2016

    The Treasurer, Scott Morrison, has released a joint media release with Deputy Prime Minister and Minister for Agriculture and Water Resources, Barnaby Joyce, reminding foreign owners of Australian agricultural land that they have until 29 February 2016 to register their holdings with the Australian Taxation Office’s Agricultural Land Register.

  • Paying fees

    19 February 2016

    The correct Payment Reference Number must be used when paying your foreign investment application fee. Using an incorrect Payment Reference Number will lead to delays in your payment being processed. The statutory period for each application or notice doesn’t start until the fee has been paid or waived. The Payment Reference Number for each non-residential…

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