News

News

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.

19 November 2019

Due to system maintenance, users who submit an application through the FIRB portal between 12 noon (AEDT) Thursday 24 December 2019 and 12 noon (AEDT) Thursday 2 January 2020 will not be able to pay application fees until 12 noon (AEDT) Thursday 2 January.

We apologise for any inconvenience caused.

Please note that applications received after 12 noon AEDT Wednesday 20 November 2019 are likely to face significant delays in processing. A case officer will contact you to discuss the time frame for your application.

6 November 2019
I have been invited today to speak about foreign investment – how the regime works and how Australia is and will remain an attractive destination for foreign investment. 
21 August 2019
Australia continues to welcome foreign investment, including Chinese investment. We have a long standing and close relationship. It is a relationship we value and we want to preserve.
1 July 2019

Foreign investment application fees have been indexed for the 2019-20 year. Revised fees will apply to applications made and notices given as of 1 July 2019. 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.

11 June 2019

The Australian Communications and Media Authority (the ACMA) maintains a publicly available Register of Foreign Owners of Media Assets under section 74D of the Broadcasting Services Act 1992 (the BSA), which is a register of foreign persons who hold company interests of 2.5 per cent or more in an Australian media company.

18 February 2019

In 2017-18, the Foreign Investment Review Board (FIRB) reviewed a significant number of high profile foreign investment applications, including the acquisition of the Whyalla steelworks and the acquisition of Australia’s largest diagnostic imaging provider, I-MED Radiology Network. Over 11,000 proposed transactions were approved representing potential investment of $163.1 billion.

6 December 2018

From 1 September 2018, a foreign person with company interests of 2.5% or more in an Australian media company must notify the Australian Communications and Media Authority. Australian media companies include companies that hold commercial television or radio broadcasting licences, or that publish a newspaper that is associated with a broadcasting licence area.

26 September 2018
Revised guidance has been released on the application of the requirement for an open and transparent sale process for foreign purchases of agricultural land. The revision of the guidance notes has been informed by a range of stakeholder views.
26 September 2018

Revised guidance has been released on the application of the requirement for an open and transparent sale process for foreign purchases of agricultural land. The revision of the guidance notes has been informed by a range of stakeholder views.