Australia's foreign investment approval regime is increasingly a major political issue that is often highlighted and discussed in the media. Our foreign investment law experts have summarised the key information you need to know about Australia's FIRB regime.
Our Overview of Australia's foreign investment approval (FIRB) regime includes the following key FIRB regulatory developments that have been implemented since 1 August 2019:
- changes to the monetary screening thresholds for significant actions;
- privately owned investors from Hong Kong and Peru now have the benefit of a higher monetary threshold under the FIRB rules, following the coming into force of the Australia-Hong Kong and Peru-Australia free trade agreements; and
- changes to FIRB application fees following indexation.