ANNOUNCEMENT 04 Aug 2009

In August 2009, the government of Australia announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Permanent Delegation of Australia to the WTO
and Delegation of Australia to the OECD
Investment Committee

WTO/OECD/UNCTAD: REPORT on G20 TRADE/INVESTMENT MEASURES (14 September 2009)
http://unctad.org/en/Docs/wto_oecd_unctad2009_en.pdf

REFORMING AUSTRALIA'S FOREIGN INVESTMENT FRAMEWORK
http://ministers.treasury.gov.au/DisplayDocs.aspx?doc=pressreleases/2009/089.htm&min=wms&DocType=

Foreign Direct Investment (FDI) in Australia
http://www.habc.gr/australia_fdi.asp


Inception date: 04 Aug 2009 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

The government of Australia removed parts of the mandatory screening for FDI projects in August 2009.
On 4 August 2009, Mr Wayne Swan, Deputy Prime Minister and Treasurer, announced reforms to Australia's foreign investment screening framework.
The concrete legislative change is that private foreign investments in Australian businesses below AUD 219 million (previously AUD 100 million) will not be screened. He motivated this liberalising measure with the fact that the previous screening requirements 'impose unnecessary compliance costs on businesses'.
 
Recent FDI figures by sector and country have been used for the identification of the affected trading partners and sectors (see third source for more details).

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A