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Showing 1 - 10 of 40 results for "Foreign Investment Review Board"

Pension fund backs Aussie insurance distributor

JAMIE WILLIAMSON  |  TUESDAY, 14 SEP 2021
... sale has apparently been in the works for several months now, The transaction is subject to the Foreign Investment Review Board's approval.

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 ...

Charter Hall buys David Jones flagship

ELIZA BAVIN  |  TUESDAY, 22 DEC 2020
... available capacity. The Charter Hall board said the settlement is conditional upon approval from the Foreign Investment Review Board for David Jones entry into the lease. The purchase price reflects a 5% initial yield based on the initial annual net ...

Kiwi firm rejects AustralianSuper takeover bid

KARREN VERGARA  |  WEDNESDAY, 9 DEC 2020
... cited other "unattractive" aspects of the offer, one being meeting material conditions from the Foreign Investment Review Board and Overseas Investment Office approvals in Australia and New Zealand. Another is that shares in Trustpower would be distributed ...

Consortium eyes Link Group

KARREN VERGARA  |  TUESDAY, 13 OCT 2020
... said. The proposal is subject to a number of approvals, including receiving the go-ahead from the Foreign Investment Review Board, due diligence and securing debt financing. Link chief executive John McMurtrie is due to retire early 2021. QBE executive ...

Navigator takes stake in investment portfolio

ANNABELLE DICKSON  |  THURSDAY, 13 AUG 2020
... transaction is expected to be completed by January 2021 and is subject to shareholder and the Foreign Investment Review Board approval.

Dealmakers hold off investing in Australia

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... pre-occupation of regulators in managing issues around the pandemic, and the revamped plans for the Foreign Investment Review Board framework. In addition, 78% of dealmakers say they have postponed or cancelled investments due to COVID-19 as the looming ...

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 ...

Changes to foreign investment rules hurt managed funds

ALLY SELBY  |  TUESDAY, 14 APR 2020
... government's FIRB reforms, which require every foreign investment proposal to be scrutinized by the Foreign Investment Review Board, could reduce interest in Australia as a destination for investment. "The reforms importantly aim to safeguard the national ...
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