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Foreign Investment Review Board 1979 report



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NO. 121

EMBARGO

FOREIGN INVESTMENT REVIEW BOARD 1979 REPORT STATEMENT BY· THE HON. JOHN HOWARD, MP .

The 1979 report of the Foreign Investment Review Board was today tabled in

the Parliament.

The Board provides advice to the Government on proposals by foreign interests

to invest in Australia and on foreign investment matters generally. The

Board's report covers its activities over the course of 1978-79 and includes

an outline of the procedures for the examination of proposals involving the

takeover of Australian businesses.

The Foreign Investment Review Board has now been in operation for over three

years. The reports of the Board have assisted in promoting a better

understanding of the administration of the Government's foreign investment

policy and have helped foreign investors to formulate proposals for investment

in Australia in accordance with the policy. -

Copies of the report will soon become available at Australian Government

Publishing Service Bookshops.

CANBERRA ACT 14 Nov 1979