The Foreign Investment Review Board fully supports the changes to the foreign investment review framework announced today by the Treasurer, having been closely engaged in their development over a long period.
This is a significant package of reforms that will put Australia’s foreign investment review framework on a stronger and more sustainable footing.
The package appropriately addresses increasing risks to the national interest whilst ensuring Australia remains welcoming and open to foreign investment.
DAVID IRVINE AO
Chair, Foreign Investment Review Board