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ARTICLE · 24 JUNE 2026

How Long Does Australian FIRB Approval Take? Latest Statistics And More Streamlining Reforms

Jones Day
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Under section 40 of the Foreign Acquisitions and Takeovers Act 1975 (Cth) ("FATA"), the Treasurer has 30 days to consider an application, and a further 10 days to notify of the outcome.

GlobalGovernment, Public Sector
Jürgen Beninca
Jürgen Beninca
Nicolas Brice
Nicolas Brice
Serge Clerckx
Serge Clerckx
Laurent De Muyter
Laurent De Muyter
Courtney Dixon
Courtney Dixon
Mark Jones
Mark Jones
Matthew Latham
Matthew Latham
Prudence Smith
Prudence Smith
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In Short

The Background: Under Australia's foreign investment legislation, the Treasurer has 30 days to consider a foreign investment proposal, and a further 10 days to notify the outcome, subject to the review period being extended. Since 1 January 2025, Treasury has targeted deciding 50% of commercial proposals within that 30-day window.

The Result: Treasury's latest quarterly data shows a median processing time of 35 days, with 46% of proposals decided within 30 days. This was amidst a material increase in foreign investment value for Q1 2026, despite an over 10% fall in application numbers.

How Long Does FIRB Approval Take: What the Data Shows vs a Practical Perspective

Under section 40 of the Foreign Acquisitions and Takeovers Act 1975 (Cth) ("FATA"), the Treasurer has 30 days to consider an application, and a further 10 days to notify of the outcome. If no decision is made within that period (and the period has not been extended), the application is taken to be approved

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