Statement on Changes to FIRB Arrangements

30 March 2020

Labor notes the announcement that the Foreign Investment Review Board will, for the time being, scrutinise all bids by foreign investors looking to take over Australian businesses.

with
STEPHEN JONES MP
SHADOW ASSISTANT TREASURER
SHADOW MINISTER FOR FINANCIAL SERVICES
MEMBER FOR WHITLAM

Labor notes the announcement that the Foreign Investment Review Board will, for the time being, scrutinise all bids by foreign investors looking to take over Australian businesses.

This sounds like a sensible step in uncertain times.

We support it in principle and look forward to any further details.