Jones Day Talks: Doing Deals Down Under: Australia's Foreign Direct Investment Regime
The Background: The Australian Treasury has released its second quarterly report of the 2023–24 financial year covering the regulation of foreign investment in Australia during the quarter ended 31 December 2023....more
The new Register of Foreign Ownership of Australian Assets (the Register) is imminent, with the Australian Taxation Office (ATO) having announced that it will be introduced on 1 July 2023. The Register was established in...more
Foreign direct investment (FDI) accounted for $36.6 billion of investments in Australia in 2021. With prominent levels of M&A activity, private equity and investment funds are increasingly in the spotlight from antitrust...more
The second round of amendments to the Security of Critical Infrastructure Act 2018 (Cth) (SoCI Act) has now come into effect, with the Security Legislation Amendment (Critical Infrastructure Protection) Bill 2022 (Bill)...more
Australia requires a wide variety of investments by foreign businesses to be reviewed and approved - Some significant investment proposals have been rejected on national interest grounds since 2020 - The decision to...more
Australia requires a wide variety of investments by foreign businesses to be reviewed and approved before completion - The decision to approve or deny a foreign investment application is ultimately made by the Treasurer...more
This Alert provides an update with respect to foreign direct investment ("FDI") regimes in certain key jurisdictions since the Firm's comprehensive FDI Guide, National Security Reviews 2018, was published in November 2018....more
Like many countries, Australia is taking a careful look at proposed investments by foreign entities, particularly when certain sensitive industries or a government agency are involved. Jones Day's Mark Crean, Ingrid...more