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Government Response to the Inquiry into Foreign Investment Proposals

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Australian Government
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On 4 April 2022, the Government released its response to the Final Report of the Senate’s inquiry into foreign investment proposals.

The Government’s response highlights that the 2021 foreign investment reform package provided a legislative basis for the Government to accept and enforce undertakings made by investors to address concerns with compliance, increased the number of staff working on the foreign investment framework, and strengthened the Treasury’s capacity to be an effective foreign investment regulator.