Samiksha Jaiswal (Editor)

Foreign Investment Review Board

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Formed
  
1976 (1976)

Website
  
www.firb.gov.au

Headquarters
  
Canberra

Jurisdiction
  
Commonwealth of Australia

Ministers responsible
  
The Hon Scott Morrison MP, Treasurer The Hon Steven Ciobo MP, Parliamentary Secretary to the Treasurer

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."


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
  • Liaison with state and local governments

    • References

    Foreign Investment Review Board Wikipedia
    (Text) CC BY-SA