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Federal Government announces significant foreign investment approval changes 

In light of the ongoing COVID-19 pandemic, the Australian Treasurer, Josh Frydenberg, announced major temporary measures effective immediately “to protect Australia’s national interest as we deal with the economic implications arising from the spread of the coronavirus.”


As a result, all foreign investments into Australia subject to the Foreign Acquisitions and Takeovers Act 1975 (Cth) will require approval from the Foreign Investment Review Board (FIRB) “regardless of value or the nature of the foreign investor”.

Federal Government announces significant foreign investment approval changes
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