Reforms to Australia’s foreign investment framework – what you need to know

On 1 May 2024, the Australian Treasurer announced reforms to streamline and strengthen the country’s foreign investment framework. Treasury will be adopting a stronger risk-based approach to its screening and assessment of foreign investment applications.

In this article, HFW partner Bryn Davis has outlined the top four things that foreign investors and Australian businesses looking to divest assets to overseas buyers need to know.