News

12 August 2022

The Register, which is maintained by the Australian Taxation Office (ATO), has been established to provide greater transparency about levels of foreign investment in residential real estate in Australia.

29 July 2022

On 22 July 2022, the Treasurer announced that foreign investment fees would double from 29 July 2022.

8 July 2022

Our digital transformation program, aimed at modernising the way foreign investment is managed and regulated, is in the design and delivery phase. During this phase, we are consulting with investors and agents to help us design a system which is efficient and accessible. (Note – our system deals with business investment, not residential real estate).

30 June 2022

Foreign investment application fees have been indexed for the 2022‑23 year. Revised fees will apply to applications made and notices given as of 1 July 2022. The fee schedule and further information on the application of fees is provided in Guidance 10.

4 May 2022

Our digital transformation program, aimed at modernising the way foreign investment is managed and regulated, is now in the design and delivery phase. During this phase, we will consult with investors and agents to help us design a system which is efficient and accessible. Please note – our system deals with all non‑residential foreign investment.

Our next online consultation session for investors and agents is scheduled for Tuesday 17/05/2022 at 2.00 – 3.00pm Australian Eastern Standard Time (AEST).

13 April 2022

The Treasury has today updated the Guidance Notes on the FIRB website.

1 April 2022

Foreign investors are advised that the Foreign Acquisitions and Takeovers Amendment Regulations 2022 commenced on 1 April 2022 and was registered on the Federal Register of Legislation on 31 March 2022. The Explanatory Statement for this change is available.

31 March 2022

I am very saddened to hear of the passing of David Irvine, the Chair of the Foreign Investment Review Board (FIRB).

David was one of Australia’s most respected public servants and a trusted advisor.

8 March 2022

Our digital transformation program, aimed at modernising the way foreign investment is managed and regulated, is entering the design and delivery phase. During this phase, we wish to consult with investors and agents to help us design a system which is efficient and accessible. (Note – our system deals with business investment, not residential real estate).

We are holding an online information session on Friday 18/03/2022 at 10:00am – 11:00am Australian Eastern Daylight Time for investors and agents where we will share:

14 February 2022

The Government has today released the Secretary to the Treasury’s evaluation of the foreign investment reforms that commenced on 1 January 2021, as well as the Government’s response to the evaluation. The evaluation was a requirement under the Foreign Investment Reform (Protecting Australia’s National Security) Act 2020, and was delivered to the Treasurer on 10 December 2021.

14 January 2022

To support the 1 January 2021 reforms to the foreign investment review framework, the Government provided funding to implement a new ICT platform.

We are pleased to announce we’re partnering with Deloitte Australia on our digital transformation as part of modernising the way foreign investment is managed and regulated.

Together we‘ll deliver a new ICT platform to streamline our administration of, and improve processing and compliance activities across the foreign investment framework.

22 December 2021

The Register, which is maintained by the Australian Taxation Office (ATO), has been established to provide greater transparency about levels of foreign investment in residential real estate in Australia.

Information has been extracted from the Register to provide Insights into purchases and sales of residential real estate by foreign persons from 1 July 2019 to 30 June 2020.

14 December 2021

We recently commenced a campaign to remind foreign investors of their statutory reporting obligations.

Those who were granted a No Objection Notification (NON) or Exemption Certificate (EC) in the first half of 2021 were contacted to remind them that from 1 January 2021, all foreign investors who are given a NON or EC must notify us no later than 30 days after taking each specified action.

These actions commonly include (but are not limited to) acquiring interests in:

14 December 2021

The Treasury has today updated the National Security Guidance Note available on the FIRB website.