IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

Yes

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 17 May 2010 | Removal date: open ended
Still in force

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.

AFFECTED COUNTRIES

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