Foriegn

Buyers

• FIRB (Foriegn Investment Review Board)

 

Examines proposals by foriegn people and companies

to invest in Australia and advises the Treasurer

on those subject to the Foriegn Acquisitions and Takeovers Act

1975 and Australia's foriegn investment policy.

 

• FIRB Purchaser

 

A foriegn person purchaser who requires FIRB approval

in order to be able to legally purchase property.

 

• Foriegn Person

 

The term foriegn person means:

 

• A natural person not ordinarily resident in Australia

• A corporation in which a natural person not ordinarily 

      resident in Australia or a foriegn corporation holds a

      controlling in.