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Showing 1 - 10 of 28 results for "FIRB"

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 ...

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 ...
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