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Australia to require Foreign Investment Review Board approval for most foreign investment transactions, including internal reorganizations

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Australia

On 29 March 2020, the Australian Government announced with immediate effect that:

  • All proposed foreign investments into Australia will require approval from the Foreign Investment Review Board (FIRB), regardless of value (i.e., the monetary threshold is temporarily $0 for foreign investment), including internal reorganizations.
  • The above applies to investments where the specific investor will acquir…

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