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Showing 11 - 20 of 34 results for "FIRB"

Government increases fees for foreign investment

ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
Treasury has announced another tranche of reforms to the Foreign Investment Review (FIRB) Framework. The latest reforms amend the fee framework, increasing fees for foreign investment applications for commercial businesses, agricultural land and residential ...

Government announces fresh crackdowns on foreign investments

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... process for passive investments. The first will see all foreign investors face a review by the Foreign Investment Review Board (FIRB) when they are investing in businesses that are deemed to pose "sensitive national security" risks. The exact businesses ...

Charter Hall extends JV, makes acquisition

ELIZA BAVIN  |  THURSDAY, 4 JUN 2020
... convincing ALDI that we could deliver an unconditional executed transaction within a short timeframe, having recently secured FIRB approval for the transaction," Harrison said. "Accessing the on-going growth and resilience of grocery retailing in Australia ...

Court to decide OneVue claim over Sargon sale

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... (who is also providing the financing) as joint equity investors in the purchase. APRA and Foreign Investments Review Board (FIRB) have given the green light to the three entities to take over Diversa, CCSL and Tidswell. The acquisition was completed ...

New buyers for Sargon businesses confirmed

KANIKA SOOD  |  TUESDAY, 5 MAY 2020
... Credit Partners (who is also providing the financing) as joint equity investor. APRA and Foreign Investments Review Board (FIRB) have given the green light to the three entities to take over Diversa, CCSL and Tidswell. The acquisition was completed this ...

Changes to foreign investment rules hurt managed funds

ALLY SELBY  |  TUESDAY, 14 APR 2020
... they will damage the Australian economy and its managed funds businesses. Atlas Advisors Australia said the new temporary FIRB rules would curb the managed funds industry's ability to support Australia's economic recovery. It comes following Treasurer ...

COVID-19 spurs greater scrutiny of foreign investment

KANIKA SOOD  |  MONDAY, 30 MAR 2020
... be beneficial if in the national interest," the Treasurer said. The move is backed by the Foreign Investment Review Board (FIRB). FIRB will work with existing and new applicants to extend the time frame for reviewing applications from 30 days to up to ...

Cromwell appoints new director

KANIKA SOOD  |  MONDAY, 4 JUN 2018
... Singapore-based ARA Asset Management (ARA) as a security holder, following approval from the Foreign Investment Review Board (FIRB). At the time, Cromwell chief executive Paul Weightman said the company had already introduced ARA chief executive team ...

REIT sells Cromwell stake for $406 million

KANIKA SOOD  |  THURSDAY, 8 MAR 2018
... debt," Redefine chief executive Andrew Koning said. The acquisition is yet to be approved by Foreign Investment Review Board (FIRB) and is subject to other conditions. "It is too early to comment on whether ARA Asset executives will be appointed to the ...

Super fund private equity demand growing

KARREN VERGARA  |  WEDNESDAY, 5 APR 2017
... future. One significant issue that hasn't received proper attention is the impact of the Foreign Investment Review Board (FIRB) regulation, Minter Ellison partner and expert corporate and acquisition transactional lawyer Victoria Allen pointed out. This ...