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A new foreign investment regime for Australia: Implications for the energy and resources sector - Government, Public Sector

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On 1 January 2021, significant reforms to
Australia s foreign investment regime, also known as the FIRB
regime, commenced. With a focus on national security issues, the
Australian Government has introduced a new national security test,
expanded the powers of the Treasurer relating to national security
matters, strengthened compliance and enforcement tools and
more.
In this insight, we explore some of the key changes to the FIRB
regime and proposed amendments to the
Security of Critical
Infrastructure Act 2018 (
SOCI Act) and their
relevance to investments in the energy and resources sector. ....

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Press Release - MINING.COM

Press Release - MINING.COM
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.

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Major reforms to foreign investment and security laws now in force - Government, Public Sector

Australia introduced the
Foreign Acquisitions and Takeovers Act 1975 (Cth) to regulate the acquisition of land and assets in Australia, by foreign persons or entities. It imposed reporting obligations on foreign persons and entities engaging in transactions, and provided the Federal Government extensive powers to monitor and intervene in transactions involving foreign persons.
From 1 January 2021, the following laws have come into force which have amended the current Foreign Investment Review Board (
FIRB) regime:
Foreign Investment Reform (Protecting Australia s National Security) Regulations 2020 (Cth).
National Security Business and National Security Land
The biggest change is to the acquisition of land and businesses deemed to be in the national interest. The reforms require mandatory notification of: ....

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