Information for Overseas Investors
Australia’s foreign investment screening arrangements are designed to encourage foreign investment as it makes a substantial contribution to our economy and community. However, the Australian Government provides a process to ensure investments are not contrary to the national interest.
The acquisition of certain interests in Australian businesses by ‘foreign companies’ and ‘persons’ are subject to the Foreign Acquisitions and Takeovers Act. The Act defines a ‘foreign person’ as "foreign controlled companies and natural persons not ordinarily resident in Australia".
The Act can prohibit acquisitions resulting in foreign control of Australian businesses or ownership of land where the Federal Treasurer considers it to be contrary to Australia’s national interest.
Content current at 27 May 2011.