The Labor government’s revamped Foreign Investment Review Board screening process requires more clarity to help overseas buyers of Australian businesses resolve their confusion around the increased sensitivity of some approvals.
Treasurer Jim Chalmers changed the inner workings of FIRB this year to achieve what he described as better economic and national security outcomes. Two features of his agency makeover are the streamlining of approvals for trusted bidders, such as pension funds and private equity managers, and additional scrutiny of deals targeting strategic assets, such as lithium mines and pipelines.
Loading...
Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
