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Showing 11 - 20 of 42 results for "FIRB"

Morrison government names new chair of Foreign Investment Review Board

ANDREW MCKEAN  |  THURSDAY, 7 APR 2022
Bruce Miller has been appointed as chair of the Foreign Investment Review Board (FIRB) for a five-year period. Miller has spent over 30 years of his career in the Australian government, covering senior positions in the Department of Foreign Affairs ...

Blackstone agrees $8.9bn deal with Crown

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
... Switkowski said. In addition to shareholder approval, the deal still requires approval from the Foreign Investment Review Board (FIRB) and each gaming regulatory authority.

FIRB reappoints Irvine as chair

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
The Morrison government has reappointed David Irvine as the chair of the Foreign Investment Review Board (FIRB) for a further two-year period. The former ambassador to China and high commissioner to Papua New Guinea was first appointed to the FIRB as ...

Treasurer announces FIRB, RBA appointments

CHLOE WALKER  |  MONDAY, 22 NOV 2021
Treasury has announced new appointments to the Foreign Investment Review Board and the Reserve Bank of Australia Carolyn Kay has been appointed a part-time member of the Foreign Investment Review Board for a five-year term by the Morrison government ...

FIRB updates guidance

ELIZABETH MCARTHUR  |  MONDAY, 26 JUL 2021
Treasury and the Foreign Investment Review Board (FIRB) have released new guidance that will impact all foreign private capital investments in Australia. The guidance is mainly in respect to exemption certificates. It confirms that the exemption certificate ...

Chief economist update: Local and foreign love affair with Australian property

BENJAMIN ONG  |  WEDNESDAY, 30 JUN 2021
The Foreign Investment Review Board's (FIRB) 2019-20 annual report shows that just like Australians, foreigners are also in love with our local property market. The FIRB approved a total of 7496 applications for the purchase of commercial and residential ...

Aware Super, MIRA acquisition progresses

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
The Foreign Investments Review Board (FIRB) has approved the $4.6 billion acquisition of Vocus by a consortium made up of Aware Super and Macquarie Infrastructure and Real Assets (MIRA). The consortium's bid values Vocus at $5.50 per share, which is ...

Dexus establishes JV for Sydney building

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
... has been structured to allow for additional office acquisitions in the future. However, the acquisition is still subject to FIRB approval. "This transaction demonstrates the ongoing strength of demand from international institutions for high quality ...

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 ...