Australia welcomes foreign investment. International capital has helped develop Australia’s economy for over 200 years and will continue to support Australia’s future growth and prosperity.
To ensure foreign investment proposals are consistent with Australia’s national interest, the Government reviews major foreign investment proposals on a case-by-case basis through the Foreign Investment Review Board (FIRB). The Board examines significant foreign investment applications that fall within the scope of Australia’s foreign investment policy and the Foreign Acquisitions and Takeovers Act 1975 and makes recommendations to the Government on those proposals.
The review system allows the Government to consider community concerns around foreign ownership of certain assets when assessing Australia’s national interest. The national interest test also recognises the importance of Australia’s market-based system, where companies are responsive to shareholders and where investment and sales decisions are driven by market forces rather than external strategic or non-commercial considerations.
More information: Foreign Investment Review Board (the FIRB)