Principles guiding approval of foreign government related investment in Australia

The Treasurer has published the principles guiding his consideration of foreign government related investment in Australia.

Significant foreign investment proposals must be notified to the Australian Government and examined by the Foreign Investment Review Board (FIRB).

The principles set out the main factors that are considered in determining, on a case‑by‑case basis, whether particular investments by foreign governments and their agencies are consistent with Australia's national interest.

The principles set out the additional factors that need to be considered in relation to investment proposals by foreign governments and their agencies over and above those that apply to normal private sector proposals.

The 6 principles are:

1. An investor's operations are independent from the relevant foreign government.

2.  An investor is subject to and adheres to the law and observes common standards of business behaviour.

3.  An investment may hinder competition or lead to undue concentration or control in the industry or sectors concerned.

4.  An investment may impact on Australian Government revenue or other policies.

5.  An investment may impact on Australia's national security.

6. An investment may impact on the operations and directions of an Australian business, as well as its contribution to the Australian economy and broader community.