ANNOUNCED AS TEMPORARYNo
FDI: Entry and ownership rule
On May 17, 2010, the Ministry of Defence of Australia announced that future foreign mining investment proposals in the Woomera Prohibited Area require the approval of the Foreign Investment Review Board (FIRB) and investors require the assessment from the Defence Department before making an application to the FIRB.
The reason for requiring this assessment is based on national security arguments as the area is used to test defence weapons and technology.
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