Lawyers and industry experts have expressed scepticism the government’s push to streamline foreign investment approvals will yield better outcomes for major deals despite costs continuing to rise.
Treasurer Jim Chalmers on Wednesday launched a new portal to manage applications to the Foreign Investment Review Board. It is part of a suite of previously announced reforms that respond to criticism FIRB approvals take too long and lead to deals collapsing.
Loading...
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
