the volume of situation mandated reports (exactly where a prior acceptance was issue to ongoing reporting or compliance necessities) assessed because of the Australian Treasury was 473, representing approximately a 50% reduction against the former quarter.

The report gives a range of insights and overall performance info concerning the Procedure of Australia's foreign direct investment regulatory framework for the quarter finished 31 December 2023. A summary of Treasury's critical results with regards to Australian in-certain industrial investment proposals follows.

The Australian authorities and Treasury have mentioned through the years they welcome foreign investment to the place since they recognise its great importance into the Australian financial system.

The federal government’s Principal target with the EV system will likely be People small business sectors that focus on data and conversation technologies, with a transparent choice for enterprises that represent options in the sectors of science, engineering, engineering and math (STEM).

They have been also extra Lively inside the recognized house sector in the same quarter, accounting eight% in the desire, In line with countrywide Australia lender’s household house survey.

Some economists and housing analysts also cautioned about blaming foreign investments, emphasising the need For additional exploration into The problem.

becoming a non-citizen beyond Australia causes it to be quite challenging so that you can receive precisely the same substantial-good quality information and facts the locals get.

Although the number of commercial investment proposals from Chinese investors amplified materially during the quarter, combination worth was 50 % of that of the prior quarter.

The Australian Treasury has continued its emphasis on utilising infringement notices to be a core Portion of its toolkit get more info to answer non-compliance with Australia's foreign investment routine, with the quantity of infringement notices materially increasing through the quarter.

The SIV plan handles the financial worth essential, some time of residency important to attain citizenship and rules for employment.

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Japanese consortium: representing a Japanese Company on its competitive bid to obtain a hundred% interest in Supagas Victoria's total enterprise. This competitive sale process essential FIRB approval, which was efficiently attained.

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