CANBERRA, ACT, May 19 -- The Treasurer of Australia issued the following media release:
The Albanese Government is further reforming Australia's foreign investment framework to make it work better for investors, our economy, and our national interest.
This second round of foreign investment reforms is all about making more improvements so the regime is much stronger where risks are high and much faster where risks are low.
It builds on our first round of reforms in 2024.
These reforms will increase certainty for investors and will lead to faster and fewer approvals, reduced regulatory burden, and improved tools to address high‑risk investment.
We want to unlock more investment that's in Australia's national interest and subject h...