Agency overview | |
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Formed | 2 April 1976 |
Jurisdiction | Commonwealth of Australia |
Headquarters | Canberra |
Minister responsible |
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Agency executive |
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Website |
www |
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:
Agency overview | |
---|---|
Formed | 2 April 1976 |
Jurisdiction | Commonwealth of Australia |
Headquarters | Canberra |
Minister responsible |
|
Agency executive |
|
Website |
www |
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: