The Treasurer has announced changes to Australia’s foreign investment review framework, effective from 10.30pm AEDT on Sunday 29 March 2020, relating to monetary thresholds and timeframes for reviewing applications. Details are available in our Guidance Note number 53, which addresses the effects of the changes. All material on this website should be read in light of the Treasurer’s announcement.

Guidance Note 53 update regarding streamlined exemption certificates

The Foreign Investment Review Board has updated Guidance Note 53: Temporary measures in response to the coronavirus to advise that in addition to applying for a standard exemption certificate, investors can now apply for three new types of streamlined exemption certificates. These streamlined exemptions certificates will be available to investors during the period the temporary changes to Australia’s foreign investment review framework are in place.