Inquiry into foreign investment proposals
The submission to the Senate Economics References Committee inquiry into foreign investment proposals (the Inquiry) was prepared by the Foreign Investment Committee of the Business Law Section.
This submission acknowledges that the current foreign investment system works well, is effective and allows investment that is consistent with Australia’s national interest. It also welcomes the government’s ongoing interest in engaging with the private sector on points of reform.
The intention of this submission is to outline potential areas for improvement in Australia’s foreign investment approval regime with respect to each of the Inquiry’s terms of reference. Central to this submission is a desire to further the national interest by maintaining the regulatory process surrounding inbound investment without the construction of disincentives to investment.
You can read the full submission below.