The Hon Wayne Swan MP Media Release of...

The Hon Wayne Swan MP
Media Release of 17/02/2008
NO.009

Government Improves Transparency
of Foreign Investment Screening Process
Today I release a set of principles to enhance the transparency of Australia's foreign investment screening regime.

The principles set out the main factors that are considered in determining, on a case‑by‑case basis, whether particular investments by foreign governments and their agencies are consistent with Australia's national interest.

Assessing the national interest in any given case requires a balanced view of the proposal against these principles.

The principles set out the additional factors that need to be considered in relation to investment proposals by foreign governments and their agencies over and above those that apply to normal private sector proposals.

The Australian Government welcomes foreign investment because it can make an important contribution to national prosperity and the development of our industries and resources.

The purpose of Australia's foreign investment screening regime is to ensure that such investment is consistent with our national interest.
BRISBANE
17 February 2008