Foreign Investment Review Board
The Australian Foreign Investment Review Board (FIRB), "examines proposals by foreign persons to invest in Australia and makes recommendations to the Treasurer on those subject to the Foreign Acquisitions and Takeovers Act 1975 and Australia's foreign investment policy. The FIRB is independent but is assisted by the executive to the treasury."[1]
| Agency overview | |
|---|---|
| Formed | 1976 |
| Jurisdiction | Commonwealth of Australia |
| Headquarters | Canberra |
| Minister responsible |
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| Agency executive |
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| Website | www |
Their 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
- Review and approval of the purchase of property in Australia by non-residents
- Liaise with state and local governments
References
- "Home | Foreign Investment Review Board". Firb.gov.au. Retrieved 1 May 2022.
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