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

External links

Foreign Acquisitions and Takeovers Act 1975

This Australian government-related article is a stub. You can help Wikipedia by expanding it.

• v
• t
• e