The FIRB website has been updated to reflect the reforms to the Foreign Acquisitions and Takeovers Act 1975 that commenced on 1 January 2021.
Key changes to the website include:
- Simplified navigation – The site has been redesigned to make it easier for investors and other stakeholders to navigate. This includes new menus which provide information related to National Security and Compliance & reporting.
- Updated guidance materials – Guidance materials have been consolidated and updated to reflect the reformed legislation and regulations. These materials are available from the General Guidance menu.
- Notification of actions – Investors can now notify of any actions taken via a form on the FIRB website. The form can be accessed from a green button that is visible on every page.
Information on changes to the Portal can be obtained through the ‘Apply now’ button.
We welcome website feedback at any time. This can be provided using the buttons on each page, or via firbenquiries@treasury.gov.au
Information Regarding Fees
Changes to the fees payable for foreign investment applications and notices will apply to fees that become payable on or after 1 January 2021. Section 113 of the Foreign Acquisitions and Takeovers Act 1975 sets out when fees are payable. For example, the fee for notice of a notifiable action is payable when the notice is given in the approved manner. If notice of a notifiable action was given in the approved manner prior to 1 January 2021, the fee payable will be the fee specified in the pre‑1 January fee schedule.