The Albanese Government has reappointed Mr Bruce Miller AO as part‑time Chair of the Foreign Investment Review Board (FIRB) and appointed Ms Carolyn Kay as part‑time Deputy Chair, as part of her reappointment to the FIRB.
Mr Miller and Ms Kay both bring substantial experience to the FIRB at a time of intensifying global competition for capital and growing economic security risks.
Mr Miller and Ms Kay have both been appointed for three‑year periods, beginning on 6 April 2027 and 20 November 2026, respectively.
The FIRB advises the Treasurer on Australia's foreign investment framework and on foreign investment proposals, including whether proposals are contrary to the national interest.
Mr Miller is the current part‑time Chair of the FIRB and brings more than 40 years' experience across senior public and private sector roles and international relations, including as Australia's Ambassador to Japan from 2011 to 2017.
Ms Kay has served on the FIRB since November 2021 and brings more than 35 years' experience in the finance sector as an executive and non‑executive director. Ms Kay will provide leadership continuity as Deputy Chair.
The appointees are joined on the FIRB by Dr Sarah Pearson, Ms Linda Apelt, Ms Kellie Benda and Mr Chris Tinning.
The Government has strengthened and streamlined Australia's foreign investment framework to deliver more scrutiny where risks are higher, faster assessments where they are low and more certainty for investors and more capital for Australian markets.
Data released last month showed that the Government approved $278 billion in foreign investment in 2025-26, including $87 billion in the last quarter alone.
Approved foreign investment is up 60 per cent since 2022 and half of all approved applications were processed in 30 days or less.
These appointments will continue the high level of skills and experience available to the FIRB, helping to ensure that Australia's foreign investment framework is administered effectively and that the Treasurer receives high‑quality advice on foreign investment proposals.
