FOREIGN INVESTMENT REVIEW BOARD (FIRB)

…is an Agency with no teeth.  Of no use to Australians. Should be scrapped or given power to do what it’s supposed to do.

A friend of mine is a foreign national who bought property in Australia a while ago.  He found out he wasn’t supposed to own property here so he called the FIRB to see what he had to do.

FIRB told him there were no penalties, that he would have to sell the property but, and here’s the kicker, that he could take as long as he needed to.

Worthless.

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