Introduces some changes to the foreign investment framework announced in the 2017-18 Budget

On 1 July 2017, a series of changes to Australia’s foreign investment framework entered into effect. The changes enhance and streamline the operation of the foreign investment framework by simplifying aspects of the regulations and the fee framework. Details on the changes are set out in publically available Guidance Notes.

Also effective on 1 July 2017, Australia increased most fees that foreign investors pay when seeking approval to purchase residential real estate by 10% to fund the Critical Infrastructure Centre.

• Type:

  • Entry and establishment (Access to land)
  • Promotion and facilitation (Investment facilitation )

• Industry:

  • Not industry specific

• Sources:

  • Foreign Investment Review Board, 1 July amendments to streamline and enhance Australia’s foreign investment framework, http://firb.gov.au/slide/changes-to-the-foreign-investment-framework-announced-in-the-2017-18-budget-and-additional-technical-amendments-take-effect-from-1-july-2017/, 01 Jul 2017
  • Foreign Investment Review Board, Budget 2017 changes, http://firb.gov.au/2017/05/3333/, 09 May 2017