Foreign investment regulatory processes
The Foreign Investment Review Board (the FIRB) examines proposals by foreign persons to invest in Australia subject to the Foreign Acquisitions and Takeovers Act 1975 and Australia’s foreign investment policy.
The FIRB screening process provides a clear and simple mechanism for reviewing the operations of foreign investors in Australia whenever they seek to establish or acquire new business interests or purchase additional properties. In the majority of industry sectors, smaller proposals are exempt from notification and larger proposals are approved unless judged contrary to the national interest.
Business visas and entry to Australia
Australia offers a variety of visas for business people to visit Australia for work purposes, for example to attend a conference or training session, to conduct business with an Australia-based organisation, to conduct business negotiations, or for an exploratory business visit.
There are also a number of visas available to employers and individual migrants wishing to stay or work in Australia for periods longer than three months. The Temporary (Long Stay) Business Visa (subclass 457) is the most commonly used program for employers to sponsor overseas workers, allowing them and their family members to work in Australia for a period up to four years.
For a further information please refer to Austrade’s Visa and Immigration guide or visit www.immi.gov.au for a full list of Australian business visas, entry eligibility criteria and application procedures.
Other business environment resources
Austrade’s investor guide is designed to help international investors and businesses navigate investing and operating in Australia. It is an online guide to the regulations, considerations and assistance relevant to investing in, establishing and running a business in Australia, with direct links to relevant regulators and government agencies that relate to Australian Government regulation and available assistance.
The guide covers specific aspects of Australia’s business environment: