Foreign Investment Review Board

The Foreign Investment Review Board (FIRB) is a non-statutory Australian Government advisory body which reviews "proposed investments in Australia that are subject to the Foreign Acquisitions and Takeovers Act 1975" and makes recommendations to the Treasurer. The FIRB assesses most foreign investment proposals under the 'national interest test' and in other cases a "narrower range of factors" under the 'national security test'. The legal authority for making decisions on foreign investments in Australia rests with the Treasurer.

The FIRB's functions include:
 * Evaluating foreign investment proposals
 * Pushing Australian equity participation in new investors who want to invest in Australia
 * Monitor foreign-controlled businesses in Australia
 * Liaise with state and local governments