Foreign Investment Review Board
| Agency overview | |
|---|---|
| Formed | 2 April 1976 |
| Jurisdiction | Commonwealth of Australia |
| Headquarters | Canberra |
| Minister responsible |
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| Agency executive |
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| Website | www |
The Foreign Investment Review Board (FIRB) is a non-statutory Australian Government advisory body which reviews "proposed investments in Australia that are subject to the Foreign Acquisitions and Takeovers Act 1975" and makes recommendations to the Treasurer.[1][2] The FIRB assesses most foreign investment proposals under the 'national interest test' and in other cases a "narrower range of factors" under the 'national security test'.[3] The legal authority for making decisions on foreign investments in Australia rests with the Treasurer.[4]
The FIRB's functions include:
- Evaluating foreign investment proposals
- Pushing Australian equity participation in new investors who want to invest in Australia
- Monitor foreign-controlled businesses in Australia
- Liaise with state and local governments
References
[edit]- ^ "Foreign Investment Review Board". foreigninvestment.gov.au. Retrieved 30 May 2024.
- ^ "Treasury | Foreign Investment Review Board". directory.gov.au. Retrieved 30 May 2024.
- ^ Australia’s Foreign Investment Policy (PDF), The Treasury, 30 May 2024, pp. 5–13, retrieved 1 May 2024
- ^ "Home | Foreign Investment Review Board". Firb.gov.au. Retrieved 1 May 2022.
External links
[edit]Foreign Acquisitions and Takeovers Act 1975
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