The Treasury has published the second Quarterly Report on Foreign Investment in Australia. The report sets out key performance data concerning the operation of Australia’s foreign investment regulatory framework.
The Foreign Acquisitions and Takeovers Act 1975 establishes a regime for the notification, review and approval of foreign investment in Australia. The Register of Foreign Ownership of Australian Assets is established by Part 7A of the Act and will be an integral part of Australia’s foreign investment review framework.
Since 1 January 2021, all foreign persons who are given a No Objection Notification or Exemption Certificate have been required (under sections 98C, 98D or 98E of the Foreign Acquisitions and Takeovers Act 1975) to notify Treasury no later than 30 days after taking each specified action. More detailed information regarding the reporting of actions is available.