
Publication
Investigations update and horizon scan: March 2021
Welcome to our February 2021 investigations horizon scan.
Global | Publication | April 2016
There is significant regulation of foreign investment in Australia and a number of reforms have been made to Australia’s foreign investment regime in recent months. The latest edition of our Changes to foreign investment regulation in Australia publication provides a summary of these changes, including specific issues relating to investments in the resources and infrastructure sectors.
The recent reforms include:
As with most regulatory reforms and tax changes, the ‘devil is in the detail’ of these reforms. Some of these changes can be welcomed as they have simplified the foreign investment application process and clarified some ambiguities in FIRB’s policies. Others provide for increased scrutiny with respect to acquisitions of certain asset types, which investors will need to factor into their bid plans. The new tax conditions mean that investors will have to carefully consider the likely Australian tax consequences of making the investment due to the additional compliance and reporting obligations the tax conditions impose, as well as the potential penalties for non-compliance.
Given these circumstances, we strongly recommend foreign investors seek early professional advice to navigate through the process of investing in Australia, even if they have successfully invested previously.
We hope you find our Changes to foreign investment regulation in Australia publication useful. Please contact one of the advisers listed if you have any questions.
Primary drafting: Sarah Lilly and Raymond Lou. Additional input and review: Liz Allnutt, Keira Brennan, Michael French, Anthony Latimer, Richard B Lewis, Andrew Spalding, Gary Thomas and Michelle Ralston.
Publication
Welcome to our February 2021 investigations horizon scan.
Publication
The Native Title Legislation Amendment Bill 2021 (the Amendment Bill) finally passed on 3 February 2021, and will commence in a staged manner, with the latest commencement date being in August 2021.
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The Clean Energy Regulator (CER) has issued a consultation paper on a new Corporate Emissions Reduction Transparency report (CERT report) that will be relevant to Australian companies that report emissions under the National Greenhouse and Energy Reporting scheme (NGER).
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