News

News

19 November 2019

Please note that applications received after 12 noon AEDT Wednesday 20 November 2019 are likely to face significant delays in processing. A case officer will contact you to discuss the time frame for your application.

The Foreign Investment Review Board will not be processing applications over the Christmas/New Year holiday period, commencing: 12 noon AEDT Thursday 24 December 2019.

We will commence normal operation from: 8:00AM AEDT, Thursday 2 January 2020.

6 November 2019
I have been invited today to speak about foreign investment – how the regime works and how Australia is and will remain an attractive destination for foreign investment. 
21 August 2019
Australia continues to welcome foreign investment, including Chinese investment. We have a long standing and close relationship. It is a relationship we value and we want to preserve.
1 July 2019

Foreign investment application fees have been indexed for the 2019-20 year. Revised fees will apply to applications made and notices given as of 1 July 2019. The fee schedule and further information on the application of fees is provided in Guidance Note 29 (residential land) and Guidance Note 30 (business).

A fee estimator is available to provide estimates of fees for different types of foreign investment applications.

11 June 2019

The Australian Communications and Media Authority (the ACMA) maintains a publicly available Register of Foreign Owners of Media Assets under section 74D of the Broadcasting Services Act 1992 (the BSA), which is a register of foreign persons who hold company interests of 2.5 per cent or more in an Australian media company.

18 February 2019

In 2017-18, the Foreign Investment Review Board (FIRB) reviewed a significant number of high profile foreign investment applications, including the acquisition of the Whyalla steelworks and the acquisition of Australia’s largest diagnostic imaging provider, I-MED Radiology Network. Over 11,000 proposed transactions were approved representing potential investment of $163.1 billion.

6 December 2018

From 1 September 2018, a foreign person with company interests of 2.5% or more in an Australian media company must notify the Australian Communications and Media Authority. Australian media companies include companies that hold commercial television or radio broadcasting licences, or that publish a newspaper that is associated with a broadcasting licence area.

26 September 2018
Revised guidance has been released on the application of the requirement for an open and transparent sale process for foreign purchases of agricultural land. The revision of the guidance notes has been informed by a range of stakeholder views.
26 September 2018

Revised guidance has been released on the application of the requirement for an open and transparent sale process for foreign purchases of agricultural land. The revision of the guidance notes has been informed by a range of stakeholder views.

14 August 2018

FIRB Chairman David Irvine AO delivered a keynote address to the forum outlining Australia’s approach to foreign investment and the national interest test.

2 July 2018

Foreign investment application fees have been indexed for the 2017-18 year. Revised fees will apply to applications made and notices given as of 1 July 2018. The fee schedule and further information on the application of fees is provided in Guidance Note 30 (business) and Guidance Note 29 (residential land).

A fee estimator is available to provide estimates of fees for different types of foreign investment applications.

2 July 2018

The new Foreign Investment Review Board (FIRB) Application Portal (Portal) is now live.

All non-residential applications for foreign investment must now be lodged through the Portal. If an interim application was submitted between 28-30 June inclusive, applicants will now need to lodge their full application using the Portal.

18 June 2018

Reflecting recent changes in the foreign investment framework, the application checklist has been updated to provide up to date assistance for investors in completing their application. The checklist outlines information that must be included in all applications (except residential real estate applications) as well as additional information that may be required for certain types of applications.

Significant delays in processing can be expected for applications that do not include information outlined in the checklist.