Defining Australian national interests in regulating foreign investments
Date of this Version
The Australian foreign investment regime resting on the Foreign Acquisitions and Takeovers Act 1975 (Cth) (FATA) and its administration by the Foreign Investment review Board (FIRB) has worked well to date. The national interest test has been deliberately kept vague and uncertain. However, with the growth of Asian investors eager to tap into Australia’s abundant land and natural resources, Australian policymakers and grappling with the need to clearly define the national interest standard in order to continue to attract inward foreign investment.
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