Screen the deal for FIRB approval under the Foreign Acquisitions and Takeovers Act
Key facts
- Human involvement
- RedLawyer-led
- How AI is used
- From the ownership chart and assets, draft a FIRB note: who is a foreign person, what is acquired, any sensitive-sector or zero-dollar category, and facts to source.
- What the lawyer must review
- Take thresholds from current Treasury/FIRB guidance; they index each 1 January
- Check 2026 figures: A$347m non-FTA, A$1.498b FTA
- Check zero-dollar thresholds (not indexed): foreign government investors, residential land
- Check vacant commercial land, media and national security businesses (regulations: FATA s 4)
- Note that missed notices risk divestiture
- Written for / version
- Commonwealth versionCthNZ
Rules that apply
The document starts from the task name. Change it if this piece of work is different.
Who does what
| Role | What they do |
|---|---|
| Assistance | Supporting preparation only. Potential support includes preparing preliminary structure or wording. Confirm the tool’s capability and permitted scope. Substantive advice, judgement and any restricted content remain with the responsible human. |
| Lawyer | Perform the substantive analysis and decisions. Independently check any permitted supporting work and approve the exact output for its intended use. |
Checklist
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.