The Treasurer has announced changes to Australia’s foreign investment review framework, effective from 10.30pm AEDT on Sunday 29 March 2020, relating to monetary thresholds and timeframes for reviewing applications. Details are available in our Guidance Note number 53, which addresses the effects of the changes. All material on this website should be read in light of the Treasurer’s announcement.
The first two Insights reports based on the Register of Foreign Ownership of Residential Land are now available on the FIRB website.
Please be advised that Treasury has updated the FIRB Application Checklist to provide greater clarity to applicants on information requirements when submitting a (non-residential) application. It is recommended that all applicants review the Application Checklist. This will ensure applications are consistent with the updated information requirements prior to submission to avoid significant delays in processing.