Notify FIRB before foreign investment in Australian assets
Foreign persons must notify the Foreign Investment Review Board before acquiring interests above prescribed thresholds.
Who must comply
Foreign persons making notifiable investments in Australia.
What triggers it
Proposed acquisition above threshold or otherwise notifiable.
When due
Before acquisition becomes binding.
Evidence required
FIRB application, no-objection notification, structuring documents.
Max penalty
Civil penalty up to ~$1.565M (individuals), ~$15.65M (corporations); criminal liability for serious breaches
Summary
The Foreign Acquisitions and Takeovers Act 1975 and FATR 2015 require foreign persons to notify FIRB before acquiring certain Australian land, businesses or shares. Thresholds vary by investor type, asset class and FTA status. National security review under Part 3 enhanced post-2021.
Source legislation
Topics
Source: https://firb.gov.au. Rules Mate is not a law firm. Always verify against the live regulator source before acting.