The Background: The Australian Treasury has released its second quarterly report of the 2023–24 financial year covering the regulation of foreign investment in Australia during the quarter ended 31 December 2023....more
The Situation: The Australian government has restated its commitment to foreign investment and announced procedural reforms to Australia's foreign investment framework. The government aims to attract the significant foreign...more
The Australian Treasury has released its first quarterly report ("Report") for the 2023-24 financial year covering the regulation of foreign investment in Australia....more
The Situation: The Australian Government has doubled Foreign Investment Review Board ("FIRB") application fees payable by investors who are required to seek approval under the Foreign Investments and Takeovers Act 1975 (Cth)...more
The Situation: The Australian government has introduced significant changes to its foreign investment review framework. The centrepiece of the changes is an enhanced review of acquisitions of property or businesses which are...more
KEY LEGAL AND REGULATORY DEVELOPMENTS -
Legislative and Regulatory Reform -
Permanent reforms in respect of virtual meetings and electronic execution -
On 19 October, the Federal Government released for...more
11/18/2020
/ ASIC ,
Australia ,
Australian Securities Exchange (ASX) ,
Bankruptcy Reform ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Corporate Restructuring ,
Federal Budget ,
Financial Regulatory Reform ,
FIRB ,
Regulatory Reform ,
Relief Measures ,
The Corporations Act ,
Virtual Meetings
The Situation: The Australian Taxation Office ("ATO") has broadened its role in the process for reviewing foreign investment proposals, through closer engagement with foreign investors pursuing acquisitions, mergers and...more