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Australia's foreign investment approval regime: a new way forward

Author

Listed:
  • Andrew Lumsden
  • Lizzie Knight

Abstract

Australia's national interest is well-served by having a foreign investment regime that has the right balance between flexibility and certainty. One highly successful aspect of that policy has been the ability to use conditional approvals to ensure that applicants behave in a manner that is consistent with the national interest. The government's new legislation is an ambitious and important attempt to modernise the 40-year old foreign investment rules. We consider the new legislation successfully builds on the system including a conditional approval regime that has been improved to reflect best regulatory practices and support ongoing investment.

Suggested Citation

  • Andrew Lumsden & Lizzie Knight, 2017. "Australia's foreign investment approval regime: a new way forward," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 13(3/4/5), pages 232-243.
  • Handle: RePEc:ids:ijpubp:v:13:y:2017:i:3/4/5:p:232-243
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