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  • 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 regarding the Turnbull Government’s 16 forced sales of properties held as investments by foreign nationals in breach of the foreign investment framework.

  • Report on Register of Foreign Ownership of Agricultural Land

    7 September 2016

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

  • Fees Indexation

    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.