Foreign investment approvals will be made quicker but greater scrutiny will be placed on potential risks as Australia tries to balance economic and security interests, the treasurer, Jim Chalmers, will say on Wednesday.
The Treasury will set a target to process half of foreign investment cases needing approval within 30 days from next January, Chalmers will tell the Lowy Institute in Sydney. It will also seek more funds from abroad to support so-called build-to-rent housing ventures and the energy transition away from fossil fuels.
