On 29 March 2020, the Australian Government announced with immediate effect that:
- All proposed foreign investments into Australia will require approval from the Foreign Investment Review Board (FIRB), regardless of value (i.e., the monetary threshold is temporarily $0 for foreign investment), including internal reorganizations.
- The above applies to investments where the specific investor will acquire a 20% ownership interest or increase a pre-existing ownership interest of 20% or more, except for …