What You Need To Know:
Australian Government’s foreign investment policy has been developed to encourage foreign investment consistent with community interests in Australia.
Foreign purchasers intending to acquire real estate in Australia must seek prior approval from the Government through the Foreign Investment Review Board unless specifically exempted by the Foreign Acquisitions and Takeovers Regulations.
Entering Into A Contract
If an acquisition is not exempt, foreign purchaser(s) must notify the Government prior to acquiring the interest. If they enter a contract, it should be conditional upon foreign investment approval, and they should ensure that it remains conditional until after foreign investment approval is granted.
Foreign persons are in breach of the FATA if they enter an unconditional contract to acquire property (or if their conditional contract becomes unconditional) before approval is granted and may be subject to significant penalties.
Who Is Exempt?
Under the Act, a foreign person is:
How To Apply
Please refer to the How to Apply section to download the applicable forms or refer to the Urban Land Policy Guidelines for further information on restrictions and applications.
Email – firstname.lastname@example.org
Phone 02 6263 3795
Fax – 02 6263 2940
Post – The Executive Member
Foreign Investment Review Board
c/- The Treasury
PARKES ACT 2600
Official FIRB website www.firb.gov.au