24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref: EIC 891/1/4
3 April 2020
Dear Sirs,
Commercial Information Circular No. 282/2020
Textiles Trader Registration Circular No. 4/2020
Australia : Changes to Foreign Investment Screening Threshold
Australia announced on 29 March 2020 temporary changes to its foreign investment review framework by reducing the screening threshold to $0 Australian dollar for all foreign investments with immediate effect.
DETAILS
2.Following the announcement of the temporary changes to foreign investment screening threshold to $0 Australian dollar, all proposed foreign investments into Australia will require approval, regardless of value or the nature of the foreign investor. According to the Australian authority, this is a temporary measure to safeguard its national interest and will remain in place for the duration of the COVID-19 pandemic. Please refer to the following website for details of the temporary changes -
https://firb.gov.au/about-firb/news/changes-foreign-investment-framework-0
3.The Department will monitor the situation and keep traders abreast of the latest development in due course.
ENQUIRIES
4.For enquiries concerning the content of this circular, please contact us at 2398 5594.
Yours faithfully,
(Miss Carmen Chan)
for Director-General of Trade and Industry
Note: While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.