
FIRB report shows increased foreign investment in FY 2019-20
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The Foreign Investment Review Board recently released their annual report. It shows that $17.1 billion of foreign investment over 7,056 transactions was approved in the 2019-20 financial year—the end of which included the onset of the coronavirus pandemic. These figures reflect a $2.3 billion increase on the previous financial year, but a decrease in the number of transactions. This means the average transaction size approved by FIRB increased from $1.97 million in FY 2018-19 to $2.42 million in FY 2019-20.