In accordance with section 4 of the Foreign Investment Reform (Protecting Australia’s National Security) Act 2020, the Treasury is conducting an evaluation of the foreign investment reforms that commenced on 1 January 2021. The review is required to be completed by 10 December 2021.

Further information on the evaluation process, including a copy of the terms of reference and details on stakeholder consultation, is available on the Treasury website

The 2019-20 Foreign Investment Regulator Performance Framework Report is now available.

Under the Australian Government’s Regulator Performance Framework, regulators must undertake an annual self-assessment of their performance against six key outcome-based performance indicators (KPIs).

The FIRB website has been updated to reflect the reforms to the Foreign Acquisitions and Takeovers Act 1975 that commenced on 1 January 2021.