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BHP(G): Global Strategy and the Foreign Investment Review Board (FIRB)

In: Strategic Leadership for Business Value Creation

Author

Listed:
  • Don Argus

    (Australia Advisory Board)

  • Danny Samson

    (University of Melbourne)

Abstract

It is worthwhile examining an important area of investment growth for a small economy like Australia, and that is the Foreign Investment Review Board (FIRB) particularly in the light of recent changes introduced by the Federal Treasurer, Josh Frydenberg. The Australian Foreign Investment Review Board (FIRB) examines proposals by foreign persons to invest in Australia and makes recommendations to the Federal Treasurer on those subject to the Foreign Acquisitions and Takeovers Act 1975 and Foreign Investment Policy. It is a non-statutory body established in 1976 to advise the Treasurer and Government on Australia’s Foreign Investment Policy. The Governments of the day have generally encouraged foreign investment consistent with community interests. In recognition of the contribution that foreign investment has made, and continues to make to the development of Australia, the general stance of the policy has been to welcome foreign investment. The benefits of this policy have been outlined in the Annual Reports over the years.

Suggested Citation

  • Don Argus & Danny Samson, 2021. "BHP(G): Global Strategy and the Foreign Investment Review Board (FIRB)," Springer Books, in: Strategic Leadership for Business Value Creation, edition 1, chapter 0, pages 409-422, Springer.
    • Handle: RePEc:spr:sprchp:978-981-15-9430-4_15
    DOI: 10.1007/978-981-15-9430-4_15
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