Foreign Investment in Australia

The Australian government has established the Foreign Investment Review Board (FIRB) to evaluate proposals for foreign investment in the country.

The Foreign Investment Review Board (FIRB) was created by the Australian government to assess requests for foreign investment in the nation. The FIRB, a non-statutory agency, advises the Treasurer on whether these proposals comply with the Foreign Acquisitions and Takeovers Act of 1975 and the government’s Foreign Investment Policy. The FIRB review procedure is thorough and substantial, not just a formality. The acceptance of substantial foreign investment proposals is ultimately left up to the Treasurer, while political factors may play a role. To ensure conformity with national policy, the FIRB also provides advice to foreign investors and details on the rules of the nation’s Foreign Investment Policy.

There are laws that restrict foreign ownership in some specialized industries in Australia, including airports, airlines, ships, and financial services companies. In addition to the Foreign Acquisitions and Takeovers Act of 1975, this legislation (FATA).