Foreign Investment Review Board

Foreign Investment Review Board
Agency overview
Formed	1976 (1976)
Jurisdiction	Commonwealth of Australia
Headquarters	Canberra
Ministers responsible	The Hon Joe Hockey MP, Treasurer The Hon Steven Ciobo MP, Parliamentary Secretary to the Treasurer
Website	www.firb.gov.au

The Foreign Investment Review Board (FIRB), "examines proposals by foreign persons to invest in Australia and makes recommendations to the Treasurer on those subject to the Foreign Acquisitions and Takeovers Act 1975 and Australia's foreign investment policy. The FIRB is independent but is assisted by the executive to the treasury."^[1]

Their functions include - Evaluating foreign investment proposals - Pushing Australian equity participation in new investors who want to invest in Australia - Monitor foreign controlled businesses in Australia - Liaison with state and local governments

References

↑ http://www.firb.gov.au/

This article is issued from Wikipedia - version of the Wednesday, September 03, 2014. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.