The Treasurer is the decision maker under Australia’s foreign investment framework.
The Foreign Investment Review Board, Treasury and the Australian Taxation Office support the Treasurer to administer the foreign investment framework.
|Administration of Australia’s foreign investment framework|
The Treasurer is responsible for Australia’s foreign investment policy and making decisions on foreign investment proposals.
The Treasurer has enforcement powers and delegates these to Treasury and Australian Taxation Office staff.
|Foreign Investment Review Board||The Foreign Investment Review Board:
Treasury advises the Australian Government on all aspects of foreign investment policy.
Treasury administers the foreign investment framework and undertakes regulatory functions concerning investment proposals for acquisitions of interests in entities, businesses, agricultural and commercial land. Treasury:
In some cases, the Treasurer has delegated enforcement powers to Treasury and ATO officers.
|Australian Taxation Office (ATO)||
The ATO undertakes regulatory functions under the foreign investment framework in relation to the review of investment proposals for residential real estate.
The ATO works closely with the Treasury and is a consultation partner under the foreign investment framework.
The Commissioner of Taxation is also appointed as the Registrar for the Register of Foreign Ownership of Australian Assets (the Register). For more information, visit ATO’s Register of Foreign Ownership of Australian Assets page.
Department of Foreign Affairs and Trade
The Department of Foreign Affairs and Trade (DFAT) promotes and protects Australia’s international interests to support Australia’s security and prosperity.
DFAT leads whole‑of‑government efforts in international trade and investment negotiations including free trade agreement negotiations.
Austrade - Australian Trade and Investment Commission
Austrade promotes Australian trade, investment, tourism, and education to the world. It delivers services to grow Australia’s economic prosperity.
- links Australian businesses to global export opportunities
- provides market and industry insights, making it easier for businesses to go global
- attracts international investment to drive local jobs and develop skills
- leads policy and programs for Australian tourism and the visitor economy
- attracts international students to study with Australia.