Australia’s Foreign Investment Policy
The Australian Government welcomes foreign investment. It has helped build Australia’s economy and will continue to enhance the wellbeing of Australians by supporting economic growth and innovation into the future. Without foreign investment, production, employment and income would all be lower.
Foreign investment brings many benefits. It supports existing jobs and creates new jobs, encourages innovation and the induction of new technologies and skills, provides access to markets and promotes competition amongst our industries.
The Government reviews foreign investment proposals against the national interest on a case by case basis. This flexible approach is preferred to hard and fast rules. Rigid laws that prohibit a class of investments too often also stop valuable investments. The case by case approach maximises investment flows, while protecting Australia’s interests.
The Government works with applicants to ensure the national interest is protected. However, if it is ultimately determined that a proposal is contrary to the national interest, it will not be approved, or conditions will be applied to safeguard the national interest.
The Government expects all investors (both foreign and domestically-owned) to comply with Australia’s laws and maintain high standards of conduct at all times. This includes following both the spirit and the letter of Australian law, and acting in good faith in complying with any conditions imposed by the Government.
Foreign investors should familiarise themselves with Australia’s foreign investment framework and ensure they comply with the law. Failure to do so may result in the imposition of penalties.