Overview
On 1 July 2021 changes to the Business Innovation and Investment Program (BIIP) and the Complying Investment Framework (CIF) will take effect to support Australia’s post-COVID-19 economic recovery by maximising its economic contribution.
Details of changes to the Program are available in the Streamlining the BIIP
summary.
Reviewing the Business Innovation and Investment Program (BIIP)
On 17 December 2020, after consultation with federal Government agencies, State and Territory representatives and external stakeholders through the consultation paper
Business Innovation and Investment Program: Getting a better deal for Australia, the government announced key changes to the BIIP.
Details of key changes are available in the
Minister’s media release and the review findings report Getting a better deal for Australia – Review Findings Report – December 2020.
Submissions
Forty-one written submissions were received and nine roundtable discussions were held with a range of stakeholders, including state and territory governments, Commonwealth agencies, fund managers and migration agents. Public submissions have been published below.
Government Agencies submissions released under Freedom of Information
FOI Request:
FA 20/02/01207
Reviewing the Complying Investment Framework (CIF)
In February 2021, the Department held consultations on the
Complying Investment Framework 2021 discussion paper to review how to better direct investments as part of the BIIP improvements in line with Australia’s economic priorities.
Details of key changes are available in the
Minister's media release and CIF review findings report.
Submissions
Nineteen written submissions were received and four roundtable discussions were held with a range of stakeholders, including state and territory governments, Commonwealth agencies, fund managers and migration agents. Public submissions have been published below.
