15 May 2018
The Foreign Investment Review Board (FIRB) Application Portal (Portal) is expected to go live on 2 July 2018. The new Portal has been developed on a modern web-based platform. The Portal is expected to deliver a number of improvements to facilitate easier lodgement of foreign investment applications. Overview of key features Submit variations to approved applications Applicants […]
1 February 2018
The Australian Government has released new guidance clarifying that foreign investors can only acquire agricultural land where there has been an open and transparent sale process.
4 January 2018
Monetary thresholds for foreign investors were indexed on 1 January 2018.
14 December 2017
Treasurer Scott Morrison has announced the appointment of Ms Teresa Dyson as a part-time member to the Foreign Investment Review Board (FIRB) for a five-year period.
21 July 2017
FIRB Chairman David Irvine AO provided an insight into the role of agriculture and foreign investment in Australia’s economy, and the FIRB’s role in facilitating this investment.
9 May 2017
In the 2017-18 Budget, the Australian Government announced several changes regarding the foreign investment framework. Information on each of these changes is provided below. The final details will be subject to the passage of legislation. Further information on the 2017-18 Budget is available at the Budget website. 50 per cent foreign ownership cap for New […]
8 April 2017
Treasurer Scott Morrison has today announced the appointment of David Irvine AO as Chair of the Foreign Investment Review Board, replacing outgoing Chair Brian Wilson.
9 March 2017
The screening of non-sensitive commercial real estate and internal reorganisation (restructure) foreign investment applications will be undertaken by the ATO from 1 April 2017. This is an internal administrative change by Government and will not require any action by Foreign Investment Review Board (FIRB) applicants. A number of factors will be taken into consideration when […]
8 March 2017
The Government has released a consultation paper on proposed changes to Australia’s foreign investment framework. The consultation paper seeks views from stakeholders on proposed changes in the areas of residential land, non-vacant commercial land, low sensitivity business investment and fees. The paper also provides an opportunity for stakeholders to present examples on how technical issues […]
2 December 2016
Treasury has released a new Working Paper on foreign investment and residential property price growth. A key finding of the paper is that the majority of residential real estate price growth experienced in recent times does not appear to be attributable to increased foreign demand.