Australia's foreign investment regime

Corporate Alert

By:
  • Jonathon Lunn

2015 has seen a rapid succession of changes, public consultation and now proposed amendments to the legislative and policy regime regulating foreign investment in Australia. Collectively they represent the most significant changes to Australia's foreign investment framework in over 40 years, and have significant implications for business, investors and advisers.

This article summarises key proposed amendments to the Foreign Acquisitions & Takeovers Act (the Act), to be implemented through a package of legislative reforms currently before the Senate, and intended to be implemented by 1 December 2015, and other key changes to the Act and Australia's Foreign Investment Policy that have been implemented over the past 12 months.

These changes and proposed changes should be of particular interest to investors currently contemplating an investment in Australia, foreign investors with an existing interest in Australian agricultural land, and developers or investors in Australian real estate.