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.

New Guidance note on temporary changes

The Foreign Investment Review Board has today published Guidance Note 53: Temporary measures in response to the coronavirus. This new Guidance Note addresses the effects of the temporary changes to the foreign investment regime announced by the Treasurer on 29 March 2020. FIRB guidance on the effect of the temporary changes will from now be provided through Guidance Note 53 rather than the previously published Q&A.

In addition, existing Guidance Notes that are affected by the temporary changes have been updated via a banner that identifies the main implications for that Guidance Note. Where there is an inconsistency between the new Guidance Note and the other Guidance Notes, the information in the new Guidance Note takes precedence at this time.