The FIRB Application Portal will now be unavailable from 7pm Tuesday 1 September 2020 until 8am Wednesday 2 September 2020 AEST. Updates will be made to the Applicant Details page of the Portal.
The FIRBCompliance@treasury.gov.au inbox has recently undergone maintenance. Due to this you may get a bounce back email. To ensure your emails are being received by us, please re-enter the full email address (FIRBCompliance@treasury.gov.au) as a new entry and this will ensure your autofill is reset and correctly linked to send to this email address.
On Friday 31 July the Treasurer announced the release of the exposure draft of the Foreign Investment Reform (Protecting Australia’s National Security) Bill 2020 for public consultation. The exposure draft Bill amends the Foreign Acquisitions and Takeovers Act 1975 to implement the reforms to Australia’s foreign investment framework announced on 5 June 2020.
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.
Foreign investment application fees have been indexed for the 2020-21 year. Revised fees will apply to applications made and notices given as of 1 July 2020. The fee schedule and further information on the application of fees is provided in Guidance Note 29 (residential land) and Guidance Note 30 (business).
A fee estimator is available to provide estimates of fees for different types of foreign investment applications.
The FIRB Application Portal will be unavailable due to updates on Tuesday 30 June 2020 from 6pm to midnight AEST.
We apologise for any inconvenience caused.
The Foreign Investment Review Board has today updated Guidance Note 53: Temporary measures in response to the coronavirus to advise on a revised fee process for certain investments in non-vacant commercial land.
On Friday 5 June the Treasurer announced comprehensive reforms to the foreign investment review framework. The reform package includes measures to strengthen the existing framework with: enhanced national security review of sensitive acquisitions; extra powers and resources to ensure foreign investors comply with the terms of their approval; and amendments to streamline investment in non-sensitive areas.
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 2018-19 Foreign Investment Review Board (FIRB) Annual Report is now available.
The 2018-19 Annual Report is now available.
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.
It is three weeks since the Treasurer announced temporary changes to our foreign investment regime. In this note, I want to thank the Foreign Investment Review Board’s (FIRB) stakeholders for their support and understanding during this period, and provide an update on our progress in implementing these measures.
Consistent with the Treasurer’s announcement on 29 March 2020 of temporary changes to Australia’s foreign investment framework, the Government has introduced amendments to the Foreign Acquisitions and Takeovers Regulation 2015. The Regulation amends the monetary value thresholds which apply in determining whether particular foreign investments made on or after 10:30 pm (AEDT) Sunday, 29 March 2020 are subject to Australia’s foreign investment framework to nil.