1-10 of 28 results

Changes to FIRB Guidance Notes
Insight 26 Jul 2021

The Australian Government has finalised and released legislation to make major changes to Australia's foreign investment laws – commonly known as the 'FIRB regime' – with effect from 1 January 2021. This Insight summarises the key changes to the FIRB regime. ...

Mandatory FIRB approval thresholds for acquisitions in Australian entities
Insight 23 Jun 2021

On, 1 January 2021 significant changes came into effect to Australia's (FIRB) remine.  To help you navigate the complexities of these new rules we have compiled a summary of the thresholds for determining whether a proposed acquisition of equity interests triggers an obligation to obtain 'FIRB approval' under the Foreign Acquisitions and Takeovers Act 1975 (Cth) (FATA). ...

Allocating FIRB completion risk in public M&A deals
Insight 22 Apr 2021

One of the issues a target board will need to consider when assessing a takeover by a foreign bidder is the mitigation of FIRB completion risk in the transaction, and the appropriate allocation of any residual risk between the bidder and the target. This is particularly an issue where the target's business includes critical infrastructure or raises national security issues. ...

Overview of Australia's foreign investment approval (FIRB) regime
Insight 25 Jan 2021

Significant changes to Australia's foreign investment approval (FIRB) regime came into effect on 1 January 2021. Our FIRB experts have summarised the key information you need to know about how the new FIRB regime operates. ...

Major FIRB reforms to commence on 1 January 2021
Insight 14 Dec 2020

The Australian Government has finalised and released legislation to make major changes to Australia's foreign investment laws – commonly known as the 'FIRB regime' – with effect from 1 January 2021. This Insight summarises the key changes to the FIRB regime. ...

Australian foreign investment national security reforms – moneylending exemption survives, substantially intact
Insight 14 Dec 2020

As part of the national security reforms the Government had proposed to revoke the moneylending exemption in the case of security over a 'national security business'. This would have required foreign lenders to apply to the Foreign Investment Review Board for approval or exemption before undertaking routine loan participations. ...

Proposed updates to security of critical infrastructure legislation
Insight 17 Nov 2020

As part of a broader strategy to strengthen the security of Australia's infrastructure, particularly cybersecurity , the Government has released exposure drafts of its Security Legislation Amendmen ...

Summary of proposed reforms to FIRB regime – Tranche 2 Regulations
Insight 28 Sep 2020

On 18 September 2020 the Federal Government released exposure drafts of the 'Tranche 2 Regulations' to amend Australia's foreign investment laws. This follows the release on 31 July 2020 of the ...

Major proposed changes to FIRB regime from 1 January 2021: release of exposure draft of amending legislation – national security test
Insight 13 Aug 2020

On 31 July 2020 the Federal Government released exposure drafts of legislation to amend Australia's foreign investment laws to include a new national security test and make various other changes. This insight examines the new national security test, with the other changes to be covered in follow on ...

EU Commission publishes AIFMD report – what does this mean for Australian wholesale fund managers?
Insight 10 Jul 2020

The European Commission has finally published its report on AIFMD and, in doing so, considered the impact of AIFMD on AIFMs, AIFs and investors. The report is short, but gives some insight into how the key features of AIFMD have worked and the effect this has had on the market. ...

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