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ARTICLE · 28 JULY 2013

Foreign Investment Regulation – recommendations for reform

Holding Redlich
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These recommendations could result in the most significant changes to Australia's foreign investment policy since FATA.

AustraliaGovernment, Public Sector
Darren Pereira
Darren Pereira
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The report considering Australia's foreign investment framework has finally been released (Report). If implemented, the Report's recommendations may result in the most significant changes to Australia's foreign investment policy since the Foreign Acquisitions and Takeovers Act (FATA) was enacted.

The Senate Rural and Regional Affairs and Transport References Committee (Committee) had been tasked with considering, in particular, the key national interest test and the regulation of foreign investment in Australian agriculture. Agricultural Investment has been a particularly focus of public discussion of late with there being substantial recent foreign investment.

The Committee had previously released an interim report which highlighted, in particular, areas where reform was required to reduce tax revenue leakage and gave a high level overview of some of the reforms that would likely be contained in the final report which was finally issued on 26 June 2013.

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