Treasury starts review of ineffective conditions

Date

Treasury started the review of conditions on existing foreign investment approvals on 1 July 2026.

The review follows reforms announced in the 2026–27 Budget. These reforms aim to further streamline and strengthen the foreign investment framework.

What the review will cover

Treasury will review conditions to make sure they are effective and enforceable in reducing national interest and national security risks.

The review may:

  • remove conditions that are ineffective
  • remove conditions that duplicate other obligations under other regulatory regimes
  • update conditions to better manage risk.

The review will first focus on tax conditions, with other conditions to be considered following consultation.

Consultation

Treasury expects to start public consultation through the Treasury Consultation Hub in August 2026.

Investors and stakeholders can provide written submissions on ineffective conditions and potential changes.

Existing requirements continue

The review does not change existing approval obligations.

Investors must continue to comply with conditions attached to their approvals.

Applications to vary an existing foreign investment approval must continue to be submitted through the Foreign Investment Portal, and applicable fees paid.

Contact us

Email the Conditions Review team at ConditionsReview@treasury.gov.au if you have questions about the review.

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