Foreign Investment Review Board
|Jurisdiction||Commonwealth of Australia|
|Ministers responsible||The Hon Joe Hockey MP, Treasurer
The Hon Steven Ciobo MP, Parliamentary Secretary to the Treasurer
The Foreign Investment Review Board (FIRB), "examines proposals by foreign persons to invest in Australia and makes recommendations to the Treasurer on those subject to the Foreign Acquisitions and Takeovers Act 1975 and Australia's foreign investment policy. The FIRB is independent but is assisted by the executive to the treasury."
Their functions include - Evaluating foreign investment proposals - Pushing Australian equity participation in new investors who want to invest in Australia - Monitor foreign controlled businesses in Australia - Liaison with state and local governments
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