Further to the update on Foreign Investment Review arrangements posted on 16 November 2020, Treasury is able to share the following information with foreign investors (subject to the passage of the Foreign Investment Reform (Protecting Australia’s National Security) Bill 2020).

The Foreign Investment Reform (Protecting Australia’s National Security) Bill 2020 and Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2020 was introduced into the Parliament on 28 October 2020.

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The 2018-19 Foreign Investment Review Board (FIRB) Annual Report is now available.

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Consistent with the Treasurer’s announcement on 29 March 2020 of temporary changes to Australia’s foreign investment framework, the Government has introduced amendments to the Foreign Acquisitions and Takeovers Regulation 2015. The Regulation amends the monetary value thresholds which apply in determining whether particular foreign investments made on or after 10:30 pm (AEDT) Sunday, 29 March 2020 are subject to Australia’s foreign investment framework to nil.

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