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]

Foreign Investment Review Board
Agency overview
Formed1976 (1976)
JurisdictionCommonwealth of Australia
HeadquartersCanberra
Minister responsible
Agency executive
Websitewww.firb.gov.au

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

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