Clearly they are relying on their previous approval.
FIRB web site currently says:
We are currently experiencing an increase in processing times for foreign investment applications reflecting the high volume of applications recently submitted through the FIRB portal. Applicants should expect that case processing times will often be extended beyond the 30 days outlined in the FATA. Our case officers will contact applicants to discuss the expected time frame for processing their applications, taking account of any commercial deadlines related to those proposed investments. We apologise for any inconvenience caused.
Anyway, I am sure the board will make a complaint and notify the Treasurer's office and FIRB if they think this is a way out.
Good luck.
SMR Price at posting:
99.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)