Today I am pleased to announce the appointment of Mr Michael D'Ascenzo AO as a non‑executive member of the Foreign Investment Review Board.
Mr D'Ascenzo will be appointed for a five-year period from 2 January 2013.
Mr D'Ascenzo is recognised internationally for his leadership and expertise in tax administration and governance as well as his technical and design skills in tax law and superannuation. He has been Commissioner of Taxation since 1 January 2006 and has worked in the Australian Taxation Office for 35 years.
The impact of foreign investment proposals on taxation is one of the national interest considerations taken into account in assessing foreign investment applications.
Mr D'Ascenzo joins existing members Mr Brian Wilson (Chair), Mr Hamish Douglass, Ms Anna Buduls and Ms Sam Reinhardt (Executive Member) on the Foreign Investment Review Board.
I congratulate Mr D'Ascenzo on his appointment.