The Albanese Government is taking the next step in delivering a streamlined and strengthened foreign investment regime with a new, more efficient and more effective online portal to process applications.
This is all about increasing speed, efficiency and transparency for foreign investors looking to put capital to work in Australia.
From today, investors can now use the Foreign Investment Portal to submit foreign investment proposals, pay fees, and view outcomes.
This change is one part of our broader reforms to our foreign investment framework, to help boost our economic security and attract the investment we need in our economy.
Our reforms are delivering faster decisions, clearer rules and stricter scrutiny when necessary.
The new portal will help streamline and strengthen the system, with:
- The collection of accurate and complete information upfront, reducing requests for further information.
- Faster, more efficient processing of applications, as regulators have access to high quality and accurate data.
- Centralised communications, where all correspondence is captured within the secure portal, improving transparency.
- Quicker identification and management of risks to Australia’s national interest and national security.
We’ve developed this portal in close consultation with stakeholders, including by providing early access to a number of law firms to explore the new portal and provide insights on their experience.
We’ve used this feedback to inform system enhancements and further refine our instructional and support materials – found on the foreign investment website.
Treasury will continue to seek feedback on how the portal is performing, and improve and refine it to better serve the growing number of investors using it.
Treasury will provide additional support to investors as they start using the new portal, to make sure they have the information and assistance they need to navigate the new system.
Efficiencies gained will enable quicker identification and management of low‑risk investments, strengthen the management of high‑risk investments, and support Australia’s national interests.
Further information is available at the foreign investment website.