A new agency to be established within Treasury will be given powers to override the bureaucracy in order to fast-track applications it deems economically beneficial, under a Coalition plan to boost foreign and other private investment
Shadow treasurer Angus Taylor will pledge on Wednesday a statutory body to be called Investment Australia. It will consolidate under one umbrella the Foreign Investment Review Board (FIRB), the Major Project Facilitation Agency and the Takeovers Panel.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
