Foreign Investment Review Board
Report 2001-02

 

© Commonwealth of Australia 2002

ISBN 0 642 74182 4

This work is copyright. Apart from any use as permitted under the Copyright Act 1968, no part may be reproduced by any process without prior written permission from the Commonwealth available from the Department of Communications, Information Technology and the Arts. Requests and inquiries concerning reproduction and rights should be addressed to:

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A copy of this document appears on the Foreign Investment Review Board Website. The Foreign Investment Review Board Website address is: www.firb.gov.au

Printed by National Capital Printing

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Contents

Main points

2001-02 foreign investment proposals in summary
International investment issues

Chapter 1: Foreign Investment Review Board

Functions of the Board
Membership
Relationship of the Division to the Board
Administration of Foreign Investment Policy
Cost of the Board's operations
2001-02 outcomes
Processing of proposals
Consultation arrangements
Handling of commercial-in-confidence and personal information
Monitoring and compliance activity
National interest

Chapter 2: Foreign investment proposals

Limitations of the Board's data
Applications decided in 2001-02
Approvals by sector
Residential real estate compliance
Approvals by country of investor

Chapter 3: Overview of the Foreign Acquisitions and
Takeovers Act 1975

Introduction
Notification
Examination
Foreign to foreign transactions
Prior approval for contractual arrangements
Foreign control
Other provisions of the Act
Other aspects of Foreign Investment Policy

Chapter 4: International investment issues and Australia's international investment position

Multilateral investment issues
Bilateral investment issues
International investment position
Useful references on international investment issues

Appendices

Appendix A: Summary of Australia's Foreign Investment Policy as at 30 June 2001
Appendix B: Legislation, Policy Statements and Publications
Appendix C: Press Releases - 2001-02
Appendix D: Chronology of Policy Measures
Appendix E: Foreign Acquisitions and Takeovers Act 1975
Appendix F: Foreign Acquisitions and Takeovers Regulations 1989 and (Notices) Regulations
Appendix G: OECD Guidelines for Multinational Enterprises
Appendix H: Contact Details