From www.holdingredlich.com: On 24 February 2025, Australia launched a new Foreign Investment Review Board portal to streamline the submission and compliance process for foreign investment applications, requiring users to have a verified digital identity.

The portal centralises compliance reporting, facilitates in-system communication with FIRB officials, and introduces account management features for investors and their representatives.

Foreign investors should register for a digital identity, set up portal accounts, and familiarize themselves with compliance reporting functionalities to efficiently transition to the new system.