Australia Foreign Investment Review Board

The Australia Foreign Investment Review Board (FIRB) is a government body that assesses and approves foreign investments in Australia to ensure they align with national interests. When foreign individuals or companies want to buy significant assets or property, they may need to seek FIRB approval before completing the transaction. The review considers factors like economic impact, national security, and Australian ownership. The goal is to balance welcoming foreign investment with protecting Australia's strategic and economic interests. The FIRB process promotes transparent, fair, and secure investment practices in the country.