The Foreign Investment Review Board has today published an update to Guidance Note 53: Temporary measures in response to the coronavirus. The update provides further guidance on a number of matters, including binding agreements, agreements for lease, establishment of trusts and schemes of arrangement.
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.