Partner Deborah Johns, was interviewed on the ‘Nightlife’ program on ABC Radio on the subject of foreign investment in Australia. While the final decision to approve investments is made by the federal treasurer, it’s Australia’s Foreign Investment Review Board (FIRB), which provides advice on whether or not that investment is in the national interest.
Deborah discusses the role of FIRB as an advisory body, exploring their role in recommending which acquisitions take place, what it weights up to arrive at that decision and concludes why the country needs it.