OBS_VALUE: The foreign investment framework in Australia requires foreign investors to notify the Treasurer of proposed foreign investments that meet certain criteria, and enables investors to voluntarily notify certain investments, or seek an exemption from notification requirements. The Treasurer has the power to prohibit these investments, or apply conditions to the way they are implemented, to ensure they will not be contrary to the national interest (or national security, as the case requires).Australia’s foreign investment framework operates according to a ‘negative test’ – meaning there is a presumption that investment proposals should proceed unless they are found to be contrary to the national interest or to national security. The overwhelming majority of proposedinvestments are approved.