Foreign Investment Review Board

Updated on Nov 22, 2024

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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, TreasurerThe 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

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