Foreign Investment Review Board
Key Facts
Abbreviation
FIRB
Pronunciation
/ˈfɔrən ˌɪnˈvɛstmənt ˌrivˈju bɔrd/
Category
Governmental
Related Field
-1
Examples in Context
- Australia is tightening up its rules on foreign ownership of assets, along with referring to its foreign investment review board a bid by Chinalco, the state-owned Chinese metals company, for a bigger stake in Rio Tinto, the mining company.
- The surprise intervention by Mr Turnbull, the most senior politician yet in Australia to oppose the deal, comes as the country's Foreign Investment Review Board(FIRB) enters the final six weeks of its assessment period on the tie-up between the Chinese metals company and Rio.
- Assuming the deal has been restructured with the guidance of the foreign investment review board, Minmetals may simply pluck out those assets, giving oz more than enough cash to pay its debts while living on as a listed company.
- Successful Foreign Investment Review Board(FIRB) applications from China rose to 437 from 206 in the year ended June 2006, and doubled again to 874 in the year ended last June.
- It would be a simple matter for the Foreign Investment Review Board(FIRB) to go to the Titles Office to ensure that rules are not being broken.