News

News

26 November 2016

Media Release by the Treasurer, the Hon Scott Morrison MP (as at 26/11/2016)

26 November 2016

The Treasurer, Scott Morrison, has distributed a media release regarding changes under the foreign investment framework to allow foreign buyers to purchase an off-the-plan dwelling when another foreign buyer has failed to reach settlement.

24 November 2016
The guidance note on tax conditions has now been released. It includes a template for reporting back to the Foreign Investment Review Board on compliance with tax conditions. The guidance note is available for download in both PDF and DOCX format.
5 October 2016
To ensure there can be no question as to the integrity of Australia’s foreign investment review system I have decided to suspend the commencement of my proposed role with The Carlyle Group until April 2017, when my term as part-time non-executive chairman of the FIRB expires.
19 September 2016

Media Release by the Treasurer, the Hon Scott Morrison MP (as at 19/09/2016)

19 September 2016

The Treasurer, Scott Morrison, has distributed a media release regarding the Turnbull Government's 16 forced sales of properties held as investments by foreign nationals in breach of the foreign investment framework.

7 September 2016

Statement by the Treasurer, the Hon Scott Morrison MP (as at 07/09/2016)

7 September 2016

The Treasurer has released the first report on data collected through the Register of Foreign Ownership of Agricultural Land.

19 August 2016

Statement by the Treasurer, the Hon Scott Morrison MP (as at 19/08/2016)

11 August 2016

Statement by the Treasurer, the Hon Scott Morrison MP (as at 11/08/2016)

27 June 2016

Fees for foreign investment applications and notices are indexed each financial year from the averages of the consumer price index (CPI). New fees apply from 1 July 2016 which have been calculated using the indexation factor of 1.015.

Section 12 of the Foreign Acquisitions and Takeovers Fees Imposition Act 2015 provides that fees for applications and notices are indexed each financial year. The following fees apply to applications made and notices given from 1 July 2016 to 1 July 2017.

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 of the tax integrity agenda.

29 April 2016

Statement by the Treasurer, the Hon Scott Morrison MP (as at 29/04/2016)

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 approval for investment worth $194.6 billion. This is an increase in value of 16.3 per cent on investment approved in 2013‑14.

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).