Foreign Investment Review Board (FIRB)

The Foreign Investment Review Board (FIRB) is an Australian government agency that evaluates proposals by foreign individuals or companies to buy or invest in Australian property and businesses. Its role is to ensure such investments are in Australia’s national interest, addressing issues like national security, economic benefit, and community impact. FIRB reviews applications, assesses potential risks, and can approve, reject, or request modifications to proposed investments. Its aim is to balance attracting foreign investment with protecting Australia's sovereignty, economy, and societal well-being.