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  • Budget 2017 changes

    9 May 2017

    In the 2017-18 Budget, the Australian Government announced several changes regarding the foreign investment framework. Information on each of these changes is provided below. The final details will be subject to the passage of legislation. Further information on the 2017-18 Budget is available at the Budget website. 50 per cent foreign ownership cap for New […]

  • 2015-16 FIRB Annual Report now available

    9 May 2017

    The 2015-16 FIRB Annual Report is now available on the FIRB website. It shows continued growth in foreign investment in Australia and growing interest in commercial property and infrastructure-like assets.

  • FIRB Chair appointment

    8 April 2017

    Treasurer Scott Morrison has today announced the appointment of David Irvine AO as Chair of the Foreign Investment Review Board, replacing outgoing Chair Brian Wilson.

  • Administrative change to screening arrangements

    9 March 2017

    The screening of non-sensitive commercial real estate and internal reorganisation (restructure) foreign investment applications will be undertaken by the ATO from 1 April 2017. This is an internal administrative change by Government and will not require any action by Foreign Investment Review Board (FIRB) applicants. A number of factors will be taken into consideration when […]

  • Release of Consultation Paper on the Foreign Investment Framework – 2017 Legislative Package

    8 March 2017

    The Government has released a consultation paper on proposed changes to Australia’s foreign investment framework. The consultation paper seeks views from stakeholders on proposed changes in the areas of residential land, non-vacant commercial land, low sensitivity business investment and fees. The paper also provides an opportunity for stakeholders to present examples on how technical issues […]

  • New Treasury Working Paper released on foreign investment

    2 December 2016

    Treasury has released a new Working Paper on foreign investment and residential property price growth. A key finding of the paper is that the majority of residential real estate price growth experienced in recent times does not appear to be attributable to increased foreign demand.

  • Government to allow on-sale of off-the-plan dwellings failing to reach settlement

    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.

  • Guidance note on tax conditions

    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.

  • Statement by Mr Brian Wilson, Chairman of the Foreign Investment Review Board

    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. On 5 September it was announced that I would […]

  • Turnbull government orders further 16 forced sales of properties illegally held by foreign nationals

    19 September 2016

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