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, updated on 18 May 2020, which addresses the effects of the changes. All material on this website should be read in light of the Treasurer’s announcement.

News

News

5 June 2020

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.

20 May 2020
The FIRB Application Portal will be unavailable due to updates on Friday 22 May 2020 from 6pm to 10pm AEST. Updates to the FIRB Application Portal...
18 May 2020

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.

24 April 2020

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.

22 April 2020

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.

17 April 2020

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.

Related:

7 April 2020

If you are experiencing issues contacting our staff via the FIRB phone line +61 2 6263 3795, please be aware that you can also contact our staff using the following email: FIRBEnquiries@treasury.gov.au.

6 April 2020

Two additional questions regarding existing exemption certificates and residential real estate approvals have been added to Q&A – Temporary changes to foreign investment framework.

29 March 2020

The Treasurer has today announced temporary changes to the foreign investment review framework. The Foreign Investment Review Board (FIRB) was consulted upon and fully supports the changes.

These temporary measures have been necessitated by extraordinary economic circumstances. Foreign investment is and will continue to be critical to Australia’s prosperity. These temporary measures are necessary to protect the national interest during an historically challenging time for the economy, businesses and the broader community.

29 March 2020

Following the Treasurer’s announcement of Sunday, 29 March 2020, the threshold amounts 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 are now $0.

23 March 2020

The Foreign Investment Review Board (FIRB) recognises that measures being implemented globally, and in Australia by governments, businesses and individuals, in relation to the COVID-19 pandemic are affecting the ability of some investors to progress investment decisions.

20 March 2020

We are currently experiencing an increase in processing times for foreign investment applications reflecting the high volume of applications recently submitted through the FIRB portal. Applicants should expect that case processing times will often be extended beyond the 30 days outlined in the FATA. Our case officers will contact applicants to discuss the expected time frame for processing their applications, taking account of any commercial deadlines related to those proposed investments. We apologise for any inconvenience caused.

13 March 2020

Treasury's Foreign Investment Division is currently advertising for case officers to perform foreign investment case processing roles across our offices in Canberra, Sydney and Melbourne.

Please visit the Treasury website to see all the details about the advertised positions. Applications close: 29 Mar 2020 11:30 PM AUS Eastern Daylight Time.

28 February 2020

Under the Australian Government’s Regulator Performance Framework, regulators must undertake an annual self-assessment of their performance against six key outcome-based performance indicators (KPIs).

The overall 2018-19 assessment for FIRB agencies (Treasury and ATO) was that the KPIs were met.