FIRB is the Foreign Investment Review Board
- All foreign takeovers need FIRB approval - this is a narrower scope than indicated by that headline initially (the initial statement had read all foreign investment, but that is not the case,m it applies to all foregin takovers)
- statement says the change is temporary
- the changes are not a freeze on investment
Indicative rates:
AUD/USD 0.6151
NZD/USD 0.6025
