Major reforms to Australia’s foreign investment framework to commence on 1 January 2021

The Australian government has introduced the most significant reforms to Australia’s foreign investment laws (the FIRB regime) in nearly 50 years. This client alert provides a high level summary of the key changes to the FIRB regime from 1 January 2021. The changes come amid a renewed focus by FIRB on enforcement, so investors are well advised to tread carefully when it comes to considering whether FIRB approval is required.

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