In accordance with section 4 of the Foreign Investment Reform (Protecting Australia’s National Security) Act 2020, the Treasury is conducting an evaluation of the foreign investment reforms that commenced on 1 January 2021. The review is required to be completed by 10 December 2021.
The evaluation is considering the impact that the reforms and their implementation have had on foreign investment in Australia and the broader Australian economy, and whether the right balance is struck between welcoming foreign investment and protecting Australia’s national interests.
To help inform the evaluation, the Treasury now invites interested stakeholders to submit written submissions on the operation and performance of the reforms. The consultation period closes on 31 August 2021.
In the meantime, the Treasury is continuing to engage with stakeholders to improve understanding of the new laws and their implementation.
Enquiries relating to the evaluation process can be emailed to: FIRBStakeholders@treasury.gov.au.
General enquiries regarding the new foreign investment laws should continue to be submitted to: FIRBEnquiries@treasury.gov.au.